Das Ltd. offered 50,000 equity shares of Rs.10 each to the public payable as follows: On application Rs.4; on allotment Rs.3; on first call Rs.1 and on second and final call Rs.2.
Applications were received for 1,00,000 shares. All the applicants were allotted 1 share for every two shares applied. Excess application money was used for amount due on allotment and call. Pass necessary journal entries.

Thai Ltd. issued 50,000 equity shares of Rs.10 each, payable Rs.5 on application, Rs.2 on allotment, first call and n on final call. All the shares are subscribed and amount was duly received. Pass Journal entries.

Global Company issued shares Rs.10 each at 10% premium, payable Rs.2 on application, Rs.3 on allotment (including premium), Rs.3 on first call and Rs.3 on second and final call.
Journalise the transactions relating to forfeiture of shares for the following situations:
i. Muthu who holds 50 shares failed to pay the second and final call and his shares were forfeited.
ii. Muthu who holds 50 shares failed to pay the allotment money, first call and second and final call money and his shares were forfeited.
iii. Muthu who holds 50 shares failed to pay the allotment money and first call and his shares were forfeited after the first call.

A company, forfeited 200 shares of 10 each fully called up for non-payment of first call of 2/-per share and final call-of 3 per share. 120 of these shares were reissued at· Rs 6 per hare fully paid. up. 
Give up the necessary entrie.

United Industries Ltd. issued shares of Rs.10 each at 10% premiuam payable Rs.3.application,Rs.4 on allotment (including premium), Rs.2 first call and Rs.2 on final call.Journalise the transactions relatng to forfeiture of shares for the following situations:Manoj who holds 250 shares· failed to pay the second and final calI and. his shares were forfeited.
Manoj who holds 250 shares failed to pay the allotment ino.ney and first call and second Manoj who holds 250 shares failed to pay the allotment money.and first call money and his shares were forfeited after the first call.

Kasthuri Ltd. had allotted 20,000 shares to applicants of 30,000 shares on a pro rata basis. The amount payable was Rs.1 on application, Rs.5 on allotment (including premium off 2 each), and Rs.2 on first call and Rs.2 on flnal calls. Subin, a shareholder failed to pay the first call and final call on his 500 shares. All the shares were forfeited and out of them 400 shares were re-issued @ Rs.8 per share. Pass necessary journal entries.

Vairam Ltd. issued 60,000 shares of Rs10 each at a premium of Rs.2 per share payable as follows:

Issue was fully subscribed and the amounts due were received except Saritha to whom 1,000 shares were allotted who failed to pay the allotment.money and fist and final call money. Her shares were forfeited. All the forfeited shares were reissued to Parimala at Rs.7 per share. Pass journal entries. 

Abdul Ltd. issues 50,000 shares of Rs.10 each payable fully-on application. Pass journal entries if shares are issued
i) at par,
ii) at a premium of 3 per share.

Paradise:Ltd purchased assets of Rs.4,40,000 from Suguna Furniture Ltd. It issued equity shares of Rs.10 each fully paid in satisfaction of their claim. What entries will be made if such issue is: (a) at par and (b) at premium of 10%.

Meena Ltd, issued 60,000 shares of Rs.10 each at a premium of Rs.2 per share payable as Rs. 3 on Application, Rs. 5 (including Premium) on allotment and the balance-on first and final call. Application-were received for 1,02,000 Shares.The Directors resolved to allot as follows: 

Nikhil who had a applied for 1,000 shares in category A, and vish who was allotted 600 shares in category B failed to pay the allotment money, calculate the amount received on allotment. 

Arun Ltd. offered to the public 20,000 equity shares oft 10 each payable. 
Rs.4 on Application 
Rs. 2 on Allotment 
Rs.2 on First call and the balance on final call 
Application totalled for 35,000 shares. Applications 10,000 shares were rejected. Excess applications money was utilised towards the money due on allotment then calls were made. One share holder Balu Holding 500 shares failed to pay the two calls and consequently his shares were forfeited 200 of these Shares to as fully paid at Rs.6 per share Pass Journal entries.

Sriram.Ltd. issued 10,000 shares of Rs. 100 each at Rs.120 payable as follows:
Rs.25 on Application.
Rs.45 on Allotment (including premium)
Rs.20 on First calls, and
Rs.30 on Final call.
9,000 shares were applied for-and-allotted. All money was received with the exception of firs and the final calls on 200 shares held by Ram. These share were forfeited. Give the Journal entries. 

Narayanan Ltd. has an authorised capital oft 4,00,000 divided into shares of Rs.20 each, the whole of which is issued and subscribed at premium of  2 per share, the amount was payable as of Rs. 10 on Application.
(Rs.) 7 on Allotment (including premium) 
(Rs.) 5 on First call; 
All sums due were received except from Shankar holding 2000 shares. who failed to pay the call money and his shares were forfeited. They were later re-issued at Rs.14 per share as fully paid. Pass journal entries. 

Bharath Ltd. issued 1,00,000 equity shares of Rs. 10 each to the public at par. The details of the amount payable on the shares are as follows: Mar. 20
On application Rs.5 per share
On allotment Rs.3 per share
On first and final call Rs. 2 per share
Application money was received for 1,20,000 shares. Excess application money was refunded immediately. Pass journal entries to record the above.

Das Ltd. offered 50,000 equity shares of Rs.10 each to the public payable as follows: On application Rs. 4 on appliction first call Rs.1 and on second and final call Rs.2.  Applications were received fot 1,00,000 shares. All the applicants were allotted 1 saree for every two shares applied. Excess application money was used for amount due on allotment and call. Pass necessary journal entries.