Question

Alfa Ltd. invited applications for issuing 75,000 equity shares of ₹ 10 each. The amount was payable as follows:
Applications for 1,00,000 shares were received. Shares were allotted to all the applicants on pro rata basis and excess money received with applications was transferred towards sums due on first call. Vibha who was allotted 750 shares failed to pay the first call. Her shares were immediately forfeited. Afterwards the second call was made. The amount due on second call was also received except on 1,000 shares applied by Monika. Her shares were also forfeited. All the forefited shares were reissued to Mohit for ₹9,000 as fully paid-up.
Pass necessary journal entries in the Books of Alfa Ltd. for the above transactions.

Answer 1

Answer:

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Question:-

ΔABC is an isosceles triangle in which ∠C= 90° . If AC = 6 cm, then AB=

A. 6√2 cm

B. 6 cm

C. 2√6 cm

D. 4√2cm

In triangle ABC

Let tge altitude be AD on BC

AC=25cm

AB=25cm

BC=14cm

Therefore DC= 1/2*BC

=1/2*14

=7

By Pythagoras theorem,

AD^2+CD^2=AC^2

AD^2+7^2=25^2

AD^2+49=625

AD^2=625-49

AD^2=576

AD=24

Therefore altitude from A on BC is 24 cm

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Answer 2

The necessary journal entries for the above transactions in the books of Alfa Ltd are prepared and calculated below:

Explanation:

Calculation of amount not received (First Call Money)

Shares applied by Vibha

$=\frac{1,00,000}{75,000} \times 750=1,000\quad shares$

Amount received on 1,000 shares of Rs.4 each

$=\mathrm{Rs} .4,000$

Amount transferred to Share Capital Account

$=(750 \times \mathrm{Rs} .4)=\mathrm{Rs} .3,000$

Excess money received on application and allotment

$=\mathrm{Rs} .1,000$

Amount due on First call @ Rs.3 each = Rs.2, 250

Amount not received on first call money

$=(\mathrm{Rs} .2,250-\mathrm{Rs} .1,000)=\mathrm{Rs} .1,250$

Calculation of amount not received (Second Call Money)

Shares alloted to Monika

$=\frac{75,000}{1,00,000} \times 1,000=750 \quad shares$

Shares Not received on second call Money

$=(750 \times 3)=2,250$