A Ltd. forfeited 800 shares of Rs. 10 each issued at 20% premium (to be paid at the time of allotment) for non-payment of a final call of Rs. 2 per share. Out of these, 600 shares were re-issued as fully paid-up for Rs. 13 per share. Journalise.

Give journal entries for forfeiture and re-issued of shares : (a) X Ltd. Forfeited500 shares of Rs. 100 each, Rs. 75 called-up, issued at 10% premium (to be paid at the time of allotment) for non-payment of a first call of Rs. 20 per share. Out of these, 200 shares were re-issued as Rs. 75 paid-up for Rs. 60 per share. (b) X Ltd. forfeited 300 shares of Rs. 100 each. Rs. 75 called-up, issued at 10% premium (to be paid at the time of allotment) for non-payment of allotment money of Rs. 30 per share (including premium) and first call of Rs. 20 per share Out of these, 100 shares were re-issued as fully paid-up in such a way tha Rs. 3, 100 were transferred to capital reserve.

B Ltd. forfeited 500 shares of Rs. 10 each issued at 20% premium (to be paid at the time of allotment) for non-payment of the first call of Rs. 3 per share and final call of Rs. 2 per share. Out of these, 300 shares were re-issued as fully paid-up for Rs. 10 per share. Journalise.

Give journal entries for forfeiture and re-issued of shares : (i) A Ltd. forfeited 1,000 shares of rs. 10 each, Rs. 7 called up, issued at a premium of 20% (to be paid at the time of allotment) for non-payment of a first call of Rs. 2 per share. Out of these, 600 shares were re-issued as Rs. 7 paid up for Rs. 4 per share. (ii) B Ltd. forfeited 1,000 shares of Rs. 10 each, Rs. 7 called up, issued at a premium of 20% (to be paid at the time of allotment) for no-payment of allotment money of Rs. 4 per share (including premium) and first call of Rs. 2 per share. Out of these, 600 shares were re-issued as fully paid in such a way that Rs. 900 were transferred to capital reserve.

VT Ltd. forfeited 200 shares of Rs. 10 each, issued at a premium of Rs. 5 per share, held by Mohan for non-payment of the final call of Rs. 3 per share. 100 out of these share were reissued to Narender at a discount of Rs. 4 per share. Journalise.

Give journal entries for forfeiture and re-issue of shares : (a) C Ltd. forfeited 800 shares of Rs. 10 each, issued at 30% premium (to be paid at the time of allotment) for non-payment of a first call of Rs. 2 per share. The second and final call of Rs. 2 has not yet been called. Out of these, 200 shares were re-issued as Rs. 8 paid up for Rs. 8 per share. (b) D Ltd. forfeited, 800 shares of Rs. 10 each, issued at 30% premium for non-payment of allotment money of Rs. 5 per share (including premium) and first call of Rs. 2 per share. The second and final call of Rs. 2 has not yet been called. Out of these, 200 shares re-issued as fully paid up for Rs. 11 per share. (c ) Y Ltd. forfeited 1,000 shares of Rs. 10 each issued at 10% premium to Shyam (Rs. 9 called up) on which he did not pay Rs. 3 of allotment (including premium) and first call of Rs. 2. Out of these, 600 shares were re-issued to Ram as fully paid up for Rs. 8 per share and 200 shares to Dham as fully paid up @ Rs. 12 at different intervals of time.

Pass Journal entries in the following cases: M Ltd. forfeited 200 Equity Shares of Rs. 10 each, issued at a premium of Rs. 5 per share, held by Ram for non-payment of the final call of Rs. 3 per share. Of these, 100 shares were reissued to Vishu at a discount of Rs. 4 per share.

C Ltd. forfeited 300 shares of Rs. 10 each issued at 20% premium (to be paid at the time of allotment) for non-payment of allotment money of Rs. 4 per share (including premium), first call of Rs. 3 per share and final call of Rs. 2 per share. Out of these, 200 shares were re-issued as fully paid-up at a discount of Rs. 3 per share. Journalise.

Z Ltd. forfeited 300 shares of Rs. 10 each issued at 20% premium (Rs. 9 called up) on which Rs. 4 of allotment (including premium) and first call of Rs. 2 has not been received. Out of these, 100 shares were re-issued as fully paid up for Rs. 9 per share. What is to amount to be transferred to capital Reserve ?

Journalise the following : (a) Y Ltd. forfeited 400 shares of Rs. 100 each, issued at a premium of Rs. 5 per share (to be paid at the time of allotment) for non-payment of a first call of Rs. 2 per share. The second and final call of Rs. 20 has not yet been called. Out of these, 100 shares were re-issued on fully paid-up for Rs. 110 per share. (b) Y Ltd. forfeited 700 shares of Rs. 100 each, issued at a premium of Rs. 5 per share for non-payment of allotment money of Rs. 35 per share (including premium) and first call of Rs. 20 per share. The second and final call of Rs. 20 has not yet been called. 500 of these shares were re-issued as Rs. 80 paid-up for Rs. 92 per share.