Question

Dogra Ltd. had an authorised capital of ₹ 1,00,00,000 divided into Equity Shares of ₹ 100 each. The company offered 84,000 shares to the public at premium. The amount was payable as follow:
Applications were received for 80,000 shares.
All sums were duly received except the following:
Lakhan, a holder of 200 shares did not pay allotment and call money.
Paras, a holder of 400 shares did not pay call money.
The company, forfeited the shares of Lakhan and Paras. Subsequently the forfeited shares were reissued for ₹ 80 per share as fully paid-up. Show the entries for the above transactions in the Cash Book and journal of the company.

Answer 1

HEY dude your answer is

He had to 800 rupees per month and for day he had to pay 80 rupees per day

henceforth the entries for the above transaction shows in the cash book and journal of the cpany

Answer 2

The entries for the given transactions in the Cash Book and journal of the company are prepared below:

Explanation:

As per the cash book,

To Equity Share Application A/c

$(80,000 \times R s .30)=Rs. 24,00,000$

To Equity Share Allotment A/c

$(79,900 \times R s .40)= Rs.31,92,000$

To Equity Share First Call A/c

$(79,400 \times R s .50)=Rs.39,70,000$

To Equity Share Capital Alc

$(600 \times R s .80)=Rs.48,000$

Total = Equity Share Application A/c + Equity Share Allotment A/c  + Equity Share First Call A/c  + Equity Share Capital A/c

$= Rs. 24,00,000 + Rs. 31,92,000 + Rs. 39,70,000 + Rs. 48,000$

$= Rs. 96,10,000$

By Balance c/d

$=Rs. 96,10,000$

The journal entries of the company are prepared below: