Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Pass Journal entries for the forfeiture and re-issue in the following cases: (i) A Ltd. forfeited 1,000 shares of ₹ 10 each fully called up for non-payment of first call of ₹ 3 per share and final call of ₹ 3 per share 16 viewsAnurag Pathak Answered question 8 hours agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans A, who holds 200 shares of ₹ 100 each, has paid only ₹ 25 per share as application money. B, who holds 300 shares of ₹ 100 each, has paid ₹ 25 per share on application and ₹ 30 per share on allotment 16 viewsAnurag Pathak Answered question 9 hours agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Surya Tubes Limited issued 20,000 shares of ₹ 100 each. The due amount was received except for 500 shares on which ₹ 75 per share was received 12 viewsAnurag Pathak Answered question 10 hours agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Star Ltd. was registered with an authorised Capital of ₹ 1,00,00,000 divided into 40,000 8% Preference Shares of ₹ 100 each and 3,00,000 Equity Shares of ₹ 20 each 21 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans On 1st April, 2023, Blue Heaven Ltd. was formed with an authorised capital of ₹ 20,00,000 divided into 2,00,000 equity shares of ₹ 10 each. The company issued prospectus inviting applications for 1,50,000 equity shares 26 viewsAnurag Pathak Edited answer 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Girish Ltd. was registered with an authorised capital of ₹ 1,00,00,000 divided into equity shares of ₹ 20 each payable as follows: ₹ 5 on application 22 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans David Ltd. issued ₹ 40,00,000 equity shares of ₹ 10 each out of its registered capital of ₹ 10,00,00,000. The amount payable on these shares was as follows: 14 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Xansa Ltd. offered 22,000 equity shares of ₹ 100 each to the public at a premium of ₹ 20 per share. The amount per share was payable as ₹ 30 on application; ₹ 50 (including premium) on allotment; and the balance on first and final call 28 viewsAnurag Pathak Answered question 2 days agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Suvidha Ltd. is registered with an authorized capital of ₹ 10,00,00,000 divided into 10,00,000 equity shares of ₹ 100 each. The company issued 1,00,000 shares for public subscription 25 viewsAnurag Pathak Answered question 2 days agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans W Ltd. issued 10,000 shares of ₹ 100 each. During the year only ₹ 80 were called payable as follows On Application ₹ 25 On Allotment ₹ 20 30 viewsAnurag Pathak Answered question 2 days agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Nilgiri Tea Ltd. invited applications from the public for the issue of 1,00,000 Equity Shares of ₹ 20 each payable as: ₹ 5 on Application ₹ 7 on Allotment 31 viewsAnurag Pathak Edited answer 2 days agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Z Ltd. was registered with an authorised capital of ₹ 10,00,000 divided into 10,000 shares of ₹ 100 each. The company offered 5,000 of these shares to the public, which were payable ₹ 25 per share on application 72 viewsAnurag Pathak Answered question 5 days agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Fast Food Ltd. issued a prospectus offering 10,000 equity shares of ₹ 50 each at par payable as follows: On Application ₹ 15 On Allotment ₹ 10 74 viewsAnurag Pathak Answered question 5 days agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Dinesh Ltd issued 5,000 shares of ₹ 100 each at par, payable as follows: On Application ₹ 25 On Allotment ₹ 25 On First Call ₹ 20 76 viewsAnurag Pathak Answered question 5 days agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Alfa Ltd. issued 5,000 shares of ₹ 100 each at par. The amount payable was as under: ₹ 25 on application; ₹ 25 on allotment; 72 viewsAnurag Pathak Answered question 5 days agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. was registered with an authorised capital of 2,00,000 shares of ₹ 10 each. It purchased assets of Y Ltd. for ₹ 3,00,000 and issued fully paid shares for purchase consideration 75 viewsAnurag Pathak Answered question 5 days agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans On October 1, 2023 X Ltd. offered 1,00,000 shares of ₹ 10 each payable as follows: On Application ₹ 3 per share On Allotment ( November 1, 2023) ₹ 2 per share 74 viewsAnurag Pathak Answered question 5 days agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans A Company invited applications for 5,000 shares of ₹ 100 each. The amount is payable as follows: On Applications ₹ 20 per share On Allotment ₹ 30 per share 100 viewsAnurag Pathak Answered question October 14, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. issued shares for ₹ 20,00,000 divided into shares of ₹ 10 each at a premium of ₹ 5 per share, payable as under: 104 viewsAnurag Pathak Answered question October 14, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Govind Ltd., issued a prospectus inviting applications for 20,000 shares of ₹ 10 each at a premium of ₹ 3 per share, payable as to ₹ 4 on application; ₹ 5 on allotment (including premium); ₹ 2 on First Call; and ₹ 2 on Final call 88 viewsAnurag Pathak Answered question October 14, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Jyoti Power Ltd. decided to issue 8,50,000 equity shares of ₹ 10 each at a premium of ₹ 3 per share. The whole amount was payable on application 97 viewsAnurag Pathak Answered question October 14, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans A limited Company was registered with a capital of ₹ 5,00,000 in shares of ₹ 10 each and issued 20,000 such shares at a premium of ₹ 2 per share, payable as ₹ 3 per share on application 101 viewsAnurag Pathak Changed status to publish October 12, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Saraswati Ltd. has an authorised capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. Subscribed and fully paid up share capital of the company was ₹ 4,00,000 103 viewsAnurag Pathak Answered question October 12, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans On 28-2-2023 the first call of ₹ 2 per share became due on 50,000 equity shares allotted by Kumar Ltd. Komal, a holder of 1,000 shares, did not pay the first call money 109 viewsAnurag Pathak Answered question October 12, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans On 1st February 2024, Raj Ltd. received in advance the first call of ₹ 25 per share on 4,000 equity shares. The first call was due on 31st March, 2024. Journalise the above transactions 117 viewsAnurag Pathak Answered question October 12, 2024Dk Goel Issue of Shares (2024-25) 1 2 … 159 160 Question and answer is powered by anspress.net
