Reels #shorts #music #funnymusic /like / share / subscribe

A limited Company was registered with an authorised capital of Rs. 2,00,000 in Rs. 10 shares, of these 6,000 shares were issued as fully paid to the vendors for the purchase of buildings. 8,000 shares were subscribed for by the public and during the first year Rs. 6 per share were called up, payable Rs. 3 on application, Rs. 1 on allotment, Rs. 1 on first call, and Rs. 1 on second call. The amounts received in received in respect of these shares were as follows : On 6,000 shares the full amount called. On 1,200 shares Rs. 5 per share. On 500 shares Rs. 4 per share. On 300 shares Rs. 3 per share. The directors forfeited 800 shares on which less than Rs. 5 per share had been paid. Show journal entries in the books of the company and also show the Share Capital, as it would appear in the Balance Sheet.

(Forfeiture of Shares which were issued at Premium and reissued at Discount). X Ltd. issued 10,000 Equity Shares of Rs 100 each at a premium of Rs. 20 per share payable as Rs. 30 on application, Rs. 50 on allotment including premium and Rs. 40 on first and final call. All the shares were subscribed, amount due on all shares was received except from Asha, holding 100 shares were subscribed, amount due on all shares was received except from Asha, holding 100 shares who did not pay allotment and call money and Neeru holding 200 shares did not pay the first and final call money. These 300 shares were forfeited. Out of the shares forfeited, 150 shares (including all shares of Asha) were reissued to Raja @ Rs. 80 per share as fully paid-up. Pass Journal entries in the books of the company to record the forfeiture and reissue only. Also, show Shareholders' Funds in the Balance Sheet before and after forfeiture and reissue.

Xansa Ltd. offered 22,000 equity shares of Rs. 100 each to the public at a premium of Rs. 20 per share. The amount per share was payable as Rs. 30 on application, Rs. 50 (including premium) on allotment, and the balance on first and final call. 20,000 shares were subscribed by the public. All calls were made. A shareholder holding 1,000 shares failed to pay the first and final call money. His share were forfeited. Show 'Share Capital' in the Balance Sheet of Xansa Ltd. Also, prepare 'Notes to Accounts'.