Century Ltd. forfeited 5,000 shares of 100 each issued at 40% T premium for non-payment of allotment money of T 35 per share and first call of 50 per…

Century Ltd. forfeited $\displaystyle 5{,}000$ shares of $\displaystyle 100$ each issued at $\displaystyle 40$% T premium for non-payment of allotment money of T $\displaystyle 35$ per share and first call of $\displaystyle 50$ per share (including premium T $\displaystyle 25$). The second and final call of $\displaystyle 40$ per share (including premium $\displaystyle 15$) has not yet been called. Out of these, $\displaystyle 3{,}000$ shares were reissued as fully paid-up for $\displaystyle 90$ per share. Pass necessary journal entries for forfeiture and reissue of forfeited shares in the books of Century Ltd.

Almond Ltd. purchased a running business of Cashew Ltd. comprising of land and building ₹ $\displaystyle 85{,}00{,}000$, machinery ₹ $\displaystyle 50{,}00{,}000$ and sundry liabilities $\displaystyle 10{,}00{,}000$ for a purchase consideration of ₹ $\displaystyle 1{,}00{,}00$,000. Payment of ₹ $\displaystyle 10{,}00{,}000$ was made through a cheque and the remaining amount by issue of $\displaystyle 11$% Debentures of $\displaystyle 100$ each at a premium of $\displaystyle 20$%. Pass necessary journal entries for the above transactions in the books of Almond Ltd.