11 :- Nidhi Ltd. Issued 2,50,000 Equity Shares of Rs 10 each to public at par for subscription, amount being payable as application money. Pass necessary Journal entries in the books of the company.
12 :- Authorised capital of Rs 16,00,000 of Soumya Ltd. is divided into 1,60,000 Equity Shares of Rs 10 each. Out of these shares, 80,000 Equity shares were issued at par to public for subscription. The issue price is payable on application. All the shares were subscribed.
Pass necessary Journal entries in the books of the company.
13 :- Vivan Ltd. Invited applications for 10,000 shares of Rs 100 each payable as follows :
Rs 30 on Application, Rs 30 on Allotment and Balance on first and final call.
All the shares were applied and alloted and the money was duly received.
You are required to Journalise these transactions and show share capital in the Balance Sheet.
14 :- National Textiles Ltd was registered with the authorised capital of Rs 3,00,000 divided into 3,000 shares of Rs 100 each, which were offered to the public. Amount payable as Rs 30 per share on application, Rs 40 per share on Allotment and Rs 30 per share on First and final call. These shares were fully subscribed and all money was duly received.
Prepare Cash Book, Journal and Balance Sheet showing Share Capital.
15 :- Modern Diaries Ltd. was registered with an authorised capital of Rs 10,00,000 divided into 7,500 Equity Shares of Rs 100 each and 2,500 Preference Share of Rs 100 each. 1,000 Equity Shares and 500, 9% Preference shares were offered to public on the following terms – Equity Shares payable Rs 10 on Application, Rs 40 on Allotment and the Balance in two calls of Rs 25 each. Preference Shares are payable Rs 25 on application, Rs 25 on Allotment and Rs 50 on first and final call. All the shares were applied for and alloted. Amount due was duly Received.
You are required to prepare Cash Book. Pass necessary Journal Entries and show Share Capital in the Balance Sheet.