16 :- Premio Ltd issued 50,000 Equity Shares of Rs 100 each at a premium of Rs 50 per share, payable as follows :
Rs 100 per share on Application; and
Balance on Allotment.
The issue was subscibed and shares were issued to the applicants. Pass the necessary Journal entries.
17 :- Bharat Ltd. was incorporated with a capital of Rs 20,00,000 divided into shares of Rs 10 each. 20,000 shares were offered for subscription and out of these, 18,000 shares were applied and alloted. Rs 3 per share (including Rs 1 premium) was payable on application, Rs 4 per share (including Rs 1 premium) on allotment, Rs 2 per share on first call and Rs 3 per share on final call. All the money was received. Give necessary Journal Entries and show Share Capital in the Balance Sheet.
18 :- Authorised capital of Suhani Ltd is Rs 45,00,000 divided into 30,000 shares of Rs 150 each. Out of these company issued 15,000 shares of Rs 150 each at a premium of Rs 10 per share. The amount was payable as follows :
Rs 50 per application, Rs 40 per share on allotment (including premium), Rs 30 per share on first call and balance on final call. Public applied for 14,000 shares. All the money was duly received.
Prepare an extract of Balance Sheet of Suhani Ltd. As per Schedule III, Part 1 of the Companies Act, 2013 disclosing the share capital.