Ask question Search Order By: ActiveCategoryClear Filter 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 35 viewsAnurag Pathak Answered question 2 days agoDk 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: 36 viewsAnurag Pathak Answered question 2 days agoDk 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 30 viewsAnurag Pathak Answered question 2 days agoDk 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 40 viewsAnurag Pathak Answered question 2 days agoDk 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 54 viewsAnurag Pathak Changed status to publish 4 days agoDk 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 48 viewsAnurag Pathak Answered question 4 days agoDk 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 48 viewsAnurag Pathak Answered question 4 days agoDk 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 53 viewsAnurag Pathak Answered question 4 days agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans A, B and C are partners sharing profits and losses in the ratio of 2 : 2 : 1. C decided to retire and on this date goodwill of the firm is valued at ₹ 2,00,000 54 viewsAnurag Pathak Answered question 4 days agoDK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R are equal partners. Goodwill is appearing in their books at ₹ 4,00,000. R retires and on the day of R’s retirement Goodwill is valued at ₹ 2,50,000 53 viewsAnurag Pathak Answered question 4 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are sharing profits in the ratio of 4 : 3 : 2. Goodwill is appearing in the books at a value of ₹ 42,000. C retires and on the day of C’s retirement Goodwill is valued at ₹ 63,000 55 viewsAnurag Pathak Answered question 4 days agoDK Goel Retirement of a partner 0 Votes 1 Ans Ashok, Rakesh and Mukesh were partners sharing profits and losses in the ratio of 2 : 2 : 1. On 1st April, 2023, their goodwill was valued at ₹ 3,00,000, there being no account for it in the books 50 viewsAnurag Pathak Answered question 4 days agoDK Goel Retirement of a partner 0 Votes 1 Ans L, M and N are three partners sharing profits in the ratio of 4 : 3 : 2 respectively. M retires and the goodwill is valued at ₹ 1,08,000. No goodwill account appears as yet in the books of the firm 57 viewsAnurag Pathak Answered question 4 days agoDK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z are partners sharing profits in the ratio of 5 : 4 : 3. X retires from the firm and it is decided that new profit sharing ratio between Y and Z will be same as existing between X and Y 56 viewsAnurag Pathak Answered question 4 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A and B were partners sharing profits in the ratio of 5 : 3. On 1st April, 2021 they admitted C as a new partner for 1/4th share which he acquired from A and B in the ratio of 3 : 2 59 viewsAnurag Pathak Answered question 4 days agoDK Goel Retirement of a partner 0 Votes 1 Ans P, Q, R and S were partners sharing profits in the ratio of 2 : 3 : 5 : 2. S retires and his share is acquired by Q and R in the ratio of 3 : 2. Calculate new ratio and gaining ratio 67 viewsAnurag Pathak Answered question 5 days agoDK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z are partners sharing profits in the ratio of 1/9 : 1/3 and 5/9. Z retires and surrenders 3/4th of this share in favour of X and remaining in favour of Y 64 viewsAnurag Pathak Answered question 5 days agoDK Goel Retirement of a partner 0 Votes 1 Ans Rekha, Ruchi and Suruchi are partners. Ruchi retires. Calculate new ratio if continuing partners acquired her share in the ratio of 2 : 3 60 viewsAnurag Pathak Answered question 5 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B, C and D are partners sharing profits in the ratio of 5 : 4 : 3 : 2. A retires and B, C and D decide to share the profits and losses equally in future 65 viewsAnurag Pathak Answered question 5 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 1/2 : 1/3 : 1/6. C retires and A and B decide to share future profits equally. Calculate the gaining rati 48 viewsAnurag Pathak Answered question 5 days agoDK Goel Retirement of a partner 0 Votes 1 Ans On 1st April, 2023 A, B and C were partners sharing profits and losses in the ratio of A 5/10, B 3/10 and C 2/10 respectively. On this date B retires 62 viewsAnurag Pathak Answered question 5 days agoDK Goel Retirement of a partner 0 Votes 1 Ans On 1st April, 2023 Ashish, Namish and Aman were partners sharing profits and losses in the ratio of 2/5, 2/5 and 1/5 respectively. On this date, Namish retires 51 viewsAnurag Pathak Answered question 5 days agoDK Goel Retirement of a partner 0 Votes 1 Ans P, Q, R and S were partners sharing profits in the ratio of 5 : 4 : 3 : 1. P and S retire from the firm. Calculate the gaining ratio and new profit sharing ratio 69 viewsAnurag Pathak Answered question 5 days agoDK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z share profits in the ratio of 1/2, 3/10, 1/5. Calculate the gaining ratio and new ratios when 70 viewsAnurag Pathak Answered question 5 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners sharing profits in the ratio of 7 : 5 : 3. Find out the gaining ratio and new ratios when (i) A retires, (ii) B retires or (iii) C retires 67 viewsAnurag Pathak Answered question 5 days agoDK Goel Retirement of a partner 1 2 … 158 159 Question and answer is powered by anspress.net
