Give the definition of a share.

Give the meaning of 'Minium Subscription'.

What is meant by calls received in advance?

Give any two alternatives available to a company for the allotment of shares in case of oversubscription.

Nirmal Ltd. issued 50,000 equity shares of Rs.10 each. The amount was payable as follows:
On application            - Rs 3 per share
On allotment               - Rs 2 per share
On first and final call - The balance
Applications for 45,000 shares were received and shares were allotted to al the applicants. Pooja, to whom 500 shares were alloted, paid her entire share money at the time of allotment, wheras Kundan did not pay the first and final call on his 300 shares. Calculate the amount received at the time of making first and final call.

X Ltd invited applications for 10,000 shares of Rs10 each. Applications were received for 15,000 shares. Name the kind of subscription. Give three alternatives for allotting shares.

Bhalla Ltd issued 15,500 equity shares of Rs.10 each, payable of Rs 3 on application, Rs 2 on allotment and Rs 5 on first and final call. The public applied for 11,500 shares. The shares were duly allotted. Pass necessary journal entries when cash book is maintained and only one account is opened for application and allotment.

DP Shah Company Ltd made an issue of 1,00,000 equity shares of Rs 10 each at a premium of 30% payable as follows

On application Rs 3.50 per share, on allotment Rs 6.50 per share, balance on first and final call.

Applications were received for 2,00,000 equity shares and the directors made pro-rata allotment. Harsh, who had applied for 1,600 shares did not pay the allotment and final call money, as a result his shares were forfeited. Later on, 60% of the forfeited shares were re-issued at Rs 8 per share fully paid-up.

Pass necessary journal entries for the mentioned transactions in the books of the company.

'Software Ltd.' Invited applications for issuing  70,000 equity shares of Rs.10 each on which Rs.7 per share were called up, which payable as follows:
On application - Rs.2 per share
On allotment    - Rs.3 per share
On first call       - The balance
The amount was received as follows:
On 40,000 shares - Rs.7 per share
On 20,000 shares - Rs.5 par share
On 10,l000 shares - Rs.2 per share
The directors for feited 30,000 shares on which less Rs.7 per share were received. Later on the forfeited shares were re-issued at Rs.5 per share, as Rs.7 per share were received. Later on the forfeited shares were re-issued at Rs.5 per share, as Rs.7 per share paid up.
Pqss necessary journal entries for the above transactions in the company.