1) L.G. Company issues 40,000 shares of Rs. 25 each payable at Rs. - TopicsExpress

1) L.G. Company issues 40,000 shares of Rs. 25 each payable at Rs. 7 on application, 7 on allotment, 6 on first call and 5 on second and final call. All the money was duly received except second call money on 200 shares allotted to Akash. Journalise these transactions in the books of the company. 2) Honda Motors issues 20,000 shares of Rs. 20 each at a premium of Rs. 2 payable at Rs. 5 on application, 7 ( including premium) on allotment, 5 on first call and 5 on second and final call. All the money was duly received except second call money on 200 shares allotted to Amit. Journalise these transactions in the books of the company. 3) XYZ company ltd. issues 20,000 shares of Rs. 20 each at a discount of Rs. 2 payable at Rs. 5 on application, 5 on allotment, 5 on first call and 5 on second and final call. All the money was duly received except second call money on 200 shares allotted to Jatin. Journalise these transactions in the books of the company. 4) Tata Marcopolo issues 40,000 shares of Rs. 25 each payable at Rs. 7 on application, 7 on allotment, 6 on first call and 5 on second and final call. All the money was duly received and a shareholder paid in full at the time of allotment on his holding of 100 shares. Record these transactions in the books of the company. 5) Hyundai Automobile issues 20,000 shares of Rs. 20 each at a premium of Rs. 2 payable at Rs. 5 on application, 7 ( including premium) on allotment, 5 on first call and 5 on second and final call. All the money was duly received and Mr. X, a holder of 400 shares paid in full on allotment. Journalise these transactions in the books of the company. 6) XYZ company ltd. issues 20,000 shares of Rs. 20 each at a discount of Rs. 2 payable at Rs. 5 on application, 5 on allotment, 5 on first call and 5 on second and final call. All the money was duly received. Ramesh paid in full on his holding of 100 shares on allotment. Journalise these transactions in the books of the company. 7) Honda Motors issues 20,000 shares of Rs. 20 each at a premium of Rs. 2 payable at Rs. 5 on application, 7 ( including premium) on allotment, 5 on first call and 5 on second and final call. All the money was duly received except second call money on 200 shares allotted to Rajesh while Rahul, a holder of 100 shares paid in full on allotment. Journalise these transactions in the books of the company.

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