34 :- Ghosh Ltd. made the second and final call on its 50,000 Equity Shares @ Rs 2 per share on 1st January, 2016. The entire amount was received on 15th January,2016 except on 100 shares alloted to Venkat. Pass necessary Journal entries for the call money due and received by opening Calls-in-Arrears Account.
35 :- Avon Ltd. issued for subscription 10,000 shares of Rs 25 each, payable Rs 5 per share on application, Rs 10 per share on allotment (including Rs 5 per share as premium), Rs 5 per share as first call on the shares and the balance in two equal amounts at intervals of three months. All the shares were applied and alloted. Due amount was received except the second call and final call on 200 and 400 shares respectively.
Pass the entries in the company’s Journal, Cash Book and the Ledger. Also show the company’s Balance Sheet on completion of the above transactions.
36 :- Usha Ltd. was formed with a capital of Rs 10,00,000 dividend into shares of Rs 100 each. It offered 90% shares to public for subscription. The amount per share was payable as 40% on application, 20% on allotment and the balance on first and final call. The applicants paid Rs 3,60,000 on application and Rs 1,69,000 on allotment. The call has not yet been made. Calculate:
(a) Authorised Capital, (b) Issued Capital, (c) Subscribed Capital, (d) Called-up Capital, (e) Paid-up Capital and (f) Calls-in-Arrears