On 1.1.2017 X Ltd. received in advance the first call of Rs. 2 per share on 10,000 equity shares. The first call was due on 15-2-2017. Journalise the above transactions and transfer the advance to first call account by opening a Calls-in-Advance Account.

On 1st February 2016, Raj Ltd. received in advance the first call of Rs. 25 per share on 400 equity shares. The first casll was due on 31st March 2016. Journalise the above transactions.

On 1st January, 2016 the first call of Rs. 3 per share became due on 1,00,000 equity shares issued by Kamini Ltd. Karan a holder of 500 shares did not pay the first call money. Arjun a shareholder holding 1,000 shares paid the second and final call of Rs. 5 per share along with the first call. Pass the necessary Journal entry for the amount received by opening 'Calls-in-Arrears' and 'Calls-in-Advance' Account in the books of the company.

Bharat Ltd. made the first call of Rs. 2 per share on its 1,00,000 Equity Shares on 1st March, 2006. Ashok, a shareholder, holding 800 shares paid the second and final call amount along with the first call money. The second and final call amount was Rs. 3 per share. Pass necessary Journal entries for recording the above using the Calls-in-Advance Account.

A shareholder holding 600 shares paid the amount of call @ Rs. 5 per share on 1st November 2013 whereas the call was due on 1st March 2014. Maximum interst on calls in advance will be :

X Ltd. invited applications for issuing 50,000 equity shares of Rs. 10 each. The amount was payable as follows: {:("On Application",:,"Rs. 2 per share,"),("On Allotment",:,"Rs. 2 per share,"),("On First Call",:,"Rs. 3 per share,"),("On Second and Final Call",:,"Balance amount."):} Applications for 70,000 shares were received. Applications for 10,000 share were rejected and the application money was refunded. Shares were allotted to the remaining applicants on a pro rata basis and excess money received with applications was transferred towards sums due on allotment and calls, if any. Gopal, who applied for 600 shares, paid his entire share money with application. Ghosh, who had applied for 6,000 shares, failed to pay the allotment money and his shares were immediately forfeited. These forfeited shares were reissued to Sultan for Rs. 20,000 , Rs. 4 per share paid-up. The first call money and the second and final call money was called and duly received. Pass necessary Journal entries for the above transactions in the books of X Ltd. Open Call-in-Advance Account and Calls-in-Arrears Account wherever necessary .

On 1-1-2016 the first call of Rs. 3 per share became due on 1,00,000 equity shares issued by Kamini Ltd., Karan, a holder of 500 shares, did not pay the first call money. Arjun, a shareholder holding 1,000 shares, paid the second and final call of Rs. 5 per share along with the first call. Pass necessary Journal entry for the amount received by opening 'Cals-in-arrear' and 'Calls-in-advance' account in the books of the compay.