Give necessary journal entries for the forfeiture and re-issue of shares: (i) X Ltd. forfeited 300 shares of 10 each fully called up, held by Ramesh for non-payment of allotment money of 3 per share and final call of 4 per share. He paid the application money of 3 per share. These shares were re-issued to Suresh for 8 per share. (ii) X Ltd. forfeited 200 shares of 10 each ( 7 called up) on which Naresh had paid application and allotment money of 5 per share. Out of these, 150 shares were re-issued to Mahesh as fully paid up for 6 per share. (iii) X Ltd. forfeited 100 shares of 10 each ( 6 called up) issued at a discount of 10% to Dimple on which she paid 2 per share. Out of these, 80 shares were re-issued to Simple at 8 per share and called up for 6 per share. DSNQ The Institute of Chartered Accountants of India (8) DSNQ 10 P.T.O. (b) Pure Ltd. issues 1,00,000 12% Debentures of 10 each at 9.40 on 1st January, 2018. Under the terms of issue, the Debentures are redeemable at the end of 5 years from the date of issue.. Calculate the amount of discount to be written-off in each of the 5 years. (c) Karan purchased goods from Arjun, the average due date for payment in cash is 10.08.2018 and the total amount due is 1,75,800. How much amount should be paid by Karan to Arjun, if total payment is made on following dates and interest is to be considered at the rate of 15% p.a. (i) On average due date (ii) On 28th August, 2018. (iii) On 29th July, 2018 (9) Mar