Bhamashah Company Limited made an issue of 1,00,000 equity shares of Rs.10 each at a premium of 20% payable as follows:
On Application -Rs.2.50 per share
On Allotment - Rs.4.50 per share
On 1st and final call -  Balance
Applications were received for 2,00,000 equity shares and the directors made pro-rata allotment. Ranu, who had applied for 800 shares did not pay the
allotment and final call money, with result that his shares were forfeited. Later on 80% of the forfeited shares were reissued at Rs.8 per share fully paid up.
Pass the necessary journal entries for the above 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.

Vrijesh Ltd issued 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. Applications, were received for 92,000 shares. The Directors resolved to allot as
(i) Applicants of 40,000 shares                             30,000 shares
(ii) Applicants of 50,000 shares                            30,000 shares
(iii) Applicants of 2,000 shares                                      Nil
 X, who had applied for 800 shares in Category (i) and Y, who was allotted 600 shares in category (ii) failed to pay the allotment money. Calculate amount received on allotment. 

At the time of forfeiture of shares, with what amount the share capital account is debited?

At the time of forfeiture of shares, with what amount the forfeited shares account is credited?

X Ltd invited applications for 10,000 shares of Rs 10 each at a premium of Rs.20 per share payable as Rs.20 (including 50% premium) on applications and the balance on allotment. Application money received rs 2,20,000. Name the kind of subscription.

Y Ltd invited applications for 10,000 shares of Rs10 each.Applications were received for 90,000 shares. Name the kind of subscription

Radha Ltd invited applications for 2,000 equity shares of Rs 100 each, payable as follows

Rs 25 on application, Rs 40 on allotment, Rs 35 on first and final call.

Applications were received for 2,500 shares. It was decided to allot the shares as under 

W, who applied for 500 shares was allotted 300 shares.

X, who applied for 1,200 shares, were allotted 1,000 shares.

Y, who applied for 800 shares, was allotted 700 shares.

All money was received except from X who did not pay anything after application, Juournalise.

Sarthak Ltd issued 1,25,000 equity shares of Rs10 each at a premium of Rs 2.5 per share, the whole amount being payable at the time of allotment. Pass necessary journal entries and prepare the balance sheet of the company, when

(i) Applications are received for 1,25,000 shares.

(ii) Applications are received for 1,20,000 shares

(iii) Applications are received for 1,40,000 shares.

Also, prepare cash book for case (iii) given above.

Securities Premium Reserve collected by the company can be used for:

In case of private placement of shares to raise the amount of capital, a company:

Which of the following statement is true:

The minimum share application money is:

Other name for registered capital is:

Interest on calls in advance is:

Balance of forfeiture a/c after the shares have been re-issued is transferred to: