Crysta Hospitality Ltd.invited applicationsfor 1,00,000 equity shares of Rs. 50 each payable as ...

Crysta Hospitality Ltd. invited applications for 1,00,000 equity shares of Rs. 50 each payable as under: {:("On Application",,"Rs.10 per share,",),("On Allotment",,"Rs. 15 per share,",),("On First Call (due two months after allotment)",,"Rs. 15 per share,",),("On Second and Final Call (due two months after First Call)",,"Rs. 10 per share.",):} Applications were received for 4,00,000 shares on 1st January, 2019 and allotment was made on 1st February , 2019. Pass Journal entries for issue of shares under each of the following cases: (a) Allotted 1,00,000 shares in full to selected applicants and the applications for the remaining 3,00,000 shares were rejected. (b) Pro rata allotment of 25 25 per cent of the shares applied to every applicant, to apply the balance of application money towards amount due on allotment, and to refund the balance amount. (c) Reject applications for 2,00,000 shares, accept full applications for 80,000 shares and make a pro rata allotment of 20,000 shares to remaining application money to be adjusted towards allotment and calls .

Pushkar Ltd. invited applications for issuing 5,00,000 equity shares of Rs. 10 each at apremium of Rs. 3 per share. The whole amount was payable on application. The issue was fully subscribed. Pass necessary journal entries.

(Issue of Shares, Oversubscribed- Rejecting the Excess Applications). Good Co. Ltd. invited applications for 1,00,000 shares of Rs. 10 each payable: Rs. 3 on application , Rs. 3 on allotment and the balance when required . 1,20,000 shares were applied for. Applications were accepled for 1,00,000 shares and remaining applications were rejected . Allotment money was received on 99,500 shares. Pass Journal entries in the books of Good Co. Ltd.

Bliss Products Ltd. registered with capital of ₹ 90,00,000 divided into 90,000 equity shares of ₹ 100 each. The company issued prospectus inviting applications for 50,000 equity shares of ₹ 100 each payable as ₹ 20 on application, ₹ 30 on allotment, ₹ 20 on first call and balance on second call. Applications were received for ₹40,000 shares. Raman to whom 1600 shares were allotted failed to pay final call money and these shares were forfeited. Of the forfeited shares, 600 shares were reissued to Sukhman, credited as fully paid for ₹ 90 per share. Present the Share Capital as per Schedule III of Companies Act, 2013

Satyam Ltd. invited applications for issuing 10,000 equity shares of Rs 100 each at a premium of Rs 20 per share. The whole amount was payable on application. The issue was fully subscribed. Pass necessary journal entries .

Elite Ltd. invited applications from public for 5,00,000 equity shares of Rs. 10 each issued at Rs. 11 per share. The payment was to be made as follos : Rs. 3 on Application, Rs. 4 on Allotment including premium, and Rs. 4 on call. Applications fr 6,50,000 shares were received. Allotment of shares was made as follows : (i) 100% shares to applicants of 4,00,000 shares, (ii) 50% shares to applicants of 2,00,000 shares, (iii) No allotment to applicants of 50,000 shares. A shareholder to whom 500 shares were allotted under category (i) paid full amount due on shares along with allotment money. Another shareholderholding 1,000 shares were subsequently re-issued as fully paid-up @ Rs. 8 per share. Pass the journal entries.