Jay Ltd. issued a prospectus inviting applications for 1,00,000 shares of ₹ 10 each. These shares were issued at par on the following terms: On Application ₹ 2,50
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X Ltd. offered 25,000 shares of ₹ 100 each payable as ₹ 25 on application, ₹ 20 on allotment, ₹ 30 on first call and the balance on final call
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Prayuj Ltd. forfeited 2,000 shares of ₹ 10 each, fully called up, on which they had received only ₹ 14,000. Out of forfeited shares 50 shares were reissued for ₹ 9 per share fully paid up
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Journalise the following transactions in the books of Poonam Ltd.: 200 shares of ₹ 10 each issued at a premium of ₹ 5 each payable with allotment were forfeited
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AXN Ltd. invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of ₹ 6 per share. The amount was payable as follows:
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A Co. Ltd. offered to the public 20,000 equity shares of ₹ 100 each at a premium of ₹ 10 per share. The payment was to be as follows: On Application ₹ 30 per share
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Hindustan Ltd. issued 20,000 shares of ₹ 20 each at 20% premium. Amount was payable as follows: On Application ₹ 5 On Allotment ₹ 6
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Journalise the following: (a) Y Ltd. forfeited 400 shares of ₹ 100 each, issued at a premium of ₹ 5 per share (to be paid at the time of allotment) for non-payment of a first call of ₹ 20 per share
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X Ltd. forfeited 500 shares of ₹ 100 each, ₹ 75 called-up, issued at 10% premium (to be paid at the time of allotment) for non-payment of a first call of ₹ 20 per share
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Vikram Ltd. issued 50,000 shares of ₹ 10 each at a premium of ₹ 1 per share payable as follows: ₹ 3 on Application; ₹ 4 on Allotment (including premium)
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