ABC Limited issued 20,000 equity shares of 10 each payable as : 2 per share on...

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ABC Limited issued 20,000 equity shares of 10 each payable as : 2 per share on application 3 per share on allotment 4 per share on first call 1 per share on final call All the shares were subscribed. Money due on all shares was fully received except for Mr. Bird, holding 300 shares, who failed to pay first call and final call money. All those 300 shares were forfeited. The forfeited shares of Mr. Bird were subsequently re-issued to Mr. John as fully paid up at a discount of 2 per share. Pass the necessary Journal Entries to record the above transactions in the books of ABC Limited. FYZ The Institute of Chartered Accountants of India (15) FYZ (b) Y Company Limited issue 10,000 12% Debentures of the nominal value of 60,00,000 as follows: (i) To a vendor for purchase of fixed assets worth 13,00,000 - 15,00,000 nominal value. (ii) To sundry persons for cash at 90% of nominal value of 30,00,000. (iii) To the banker as collateral security for a loan of 14,00,000 - 15,00,000 nominal value, You are required to pass necessary Journal Entries. (c) Discuss the factors taken into consideration for calculation of depreciation. Mark 5 ABC Limited issued 20,000 equity shares of 10 each payable as : 2 per share on application 3 per share on allotment 4 per share on first call 1 per share on final call All the shares were subscribed. Money due on all shares was fully received except for Mr. Bird, holding 300 shares, who failed to pay first call and final call money. All those 300 shares were forfeited. The forfeited shares of Mr. Bird were subsequently re-issued to Mr. John as fully paid up at a discount of 2 per share. Pass the necessary Journal Entries to record the above transactions in the books of ABC Limited. FYZ The Institute of Chartered Accountants of India (15) FYZ (b) Y Company Limited issue 10,000 12% Debentures of the nominal value of 60,00,000 as follows: (i) To a vendor for purchase of fixed assets worth 13,00,000 - 15,00,000 nominal value. (ii) To sundry persons for cash at 90% of nominal value of 30,00,000. (iii) To the banker as collateral security for a loan of 14,00,000 - 15,00,000 nominal value, You are required to pass necessary Journal Entries. (c) Discuss the factors taken into consideration for calculation of depreciation. Mark 5