EPS (Earning per share) explained #LLAShorts 55

From the following information calculate (i) Earning per share (ii) Book value per share (iii) Dividend payout ratio (iv) Price earning ratio {:("Particulars",,Rs.),("70,000 equity shares of Rs 10 each",,7_(,)00_(,)000),("Net Profit after tax but before dividend",,1_(,)75_(,)000),("Market price of a share",,13),("Dividend declared" @ 15%,,):}

Raja Ltd., forfeited 400 shares of Rs. 25 each (Rs. 20 called up) held by Asha, for non-payament of allotment money of Rs. 10 per share (including Rs. 5 per share premium) and the first call of Rs. 6 per share. Out of these, 300 shares were reissued to X as Rs. 20 called up for Rs. 16 per share. Give journal entries for forfeiture and reissue of shares.

A, who holds 200 shares of Rs. 100 each, has paid only Rs. 25 per share as application money. B, who holds 300 shares of Rs. 100 each, has paid Rs. 25 per share on application and Rs. 30 per share on allotment. C, who holds 400 shares of Rs. 100 each, has paid Rs. 25 per share on application, Rs. 30 per share on allotment and Rs. 20 per share on first call. They failed to pay their arrears and the final call. Their shares were forfeited and re-issued at Rs. 95 per share. Prepare necessary journal entries.

(Partial Allotment of Shares and their Forfeiture and Reissue). X applied for 2,000 shares of Rs. 10 each at a premium of Rs. 2.50 per share . He was allotted 1,000 shares. After having paid Rs. 3 per share on application, he did not pay the allotment money of Rs, 4.50 per share (including premium) and on his subsequent failure to pay the first call of Rs. 2 per share, his shares were forfeited. These shares were reissued @ Rs. 8 per share credited as fully paid-up. Pass Journal entries to record forfeiture and reissue of shares.

Gaurav applied for 5,000 shares of Rs. 10 each at a premium of 2.50 per share. But he was allotted only 2,500 shares on pro rata basis. After having paid Rs. 3 per share on application, he did not pay allotment money of Rs. 4.50 pe share (including premium) and on his subsequent failure to pay the first call of Rs. 2 per share, his shares were forfeited . These shares were reissued at the rate of Rs. 8 per share credited as fully paid. Pass Journal entries to record the forfeiture and reissue of shares.