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U.P. Sugar Works Ltd. was registered on 1st January. 2004 with an authorised capital of Rs.15,00,000 divided into 15,000 shares of Rs.100 each. The company went for allotment on 1st April, 2004, when 5,000 shares of Rs.100 each were allotted at a premium of Rs.5 per share payable Rs.25 per share on application, Rs.30 (including premium) on allotment and the balance in two equal Installments of Rs.25 each on 1st July and 1st October respectively. All the allotment and call moneys were paid when due, except in case of one shareholder who failed to pay the final call on 100 shares held by him. His shares were forfeited on 1st November after giving him a due notice. Show necessary entries in the books of the company to recordthese transactions.

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Books of U.p sugar Works Limited 

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