Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Arun, Tarun and Varun share profits in the ratio of 2 : 2 : 1. On 31.12.2022 their Balance Sheet was as follows: 106 viewsAnurag Pathak Changed status to publish 20 hours agoDK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Shipra Limited invited applications for 80,000 shares of ₹ 10 each payable as follows: ₹ 2.50 on Application (on 1st May, 2023) 23 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. issued 20,000, 7% Preference Shares of ₹ 100 each at a premium of 6%. Payments were to be made as – ₹ 25 on Application; ₹ 46 on Allotment, ₹ 10 on First call and ₹ 25 on Final Call 31 viewsAnurag Pathak Changed status to publish 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Madhur Ltd. took over the assets of ₹ 5,00,000 and Liabilities of ₹ 40,000 of Rasova Ltd. for a consideration of ₹ 4,00,000. 20% was paid by a cheque and the balance by issue of fully paid equity shares of ₹ 100 each at a premium of 60% 19 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. took over the following assets and liabilities of Y Ltd Land & Building ₹ 20,00,000; Stock ₹ 5,00,000; Sundry Debtors ₹ 2,50,000 and Sundry Creditors ₹ 2,00,000 17 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Tagore Ltd. purchased a running business from Tulsi Bros. for a sum of ₹ 60,00,000 payable by the issue of fully paid equity shares of ₹ 20 each at a premium of 50% 16 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Pass journal entries for the following X Ltd purchased Land and Building from R. Sundram for ₹ 5,00,000 payable in fully paid shares of ₹ 100 each at a premium of 25% 19 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Vimal Ltd. purchased machinery of ₹ 9,90,000 from Kamal Ltd. The payment to Kamal Ltd was made by issuing equity shares of ₹ 100 each 22 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Kanpur Gas Ltd. issued 40,000 equity shares of ₹ 10 each at a premium of ₹ 1 per share. Amounts were payable as follows: 17 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Kiran Textiles Ltd. issued 50,000 Equity Shares of ₹ 10 each at a premium of ₹ 4 per share and 2,000, 6% Preference Shares of ₹ 100 each at par payable as follows: 12 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Pushkar Ltd. invited applications for issuing 5,00,000 equity shares of ₹ 10 each at a premium of ₹ 3 per share. The whole amount was payable on application 21 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Z Ltd. was registered with an authorised capital of ₹ 60,00,000 divided in 60,000 equity shares of ₹ 100 each. Company issued 25,000 equity shares at a premium of ₹ 20 per share, payable as follows 17 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Klen Ltd. was registered with an authorized capital of ₹ 10,00,000 divided into Equity Shares of ₹ 10. Out of these, 8,000 shares were issued to vendors as fully paid as purchase consideration for a business acquired 25 viewsAnurag Pathak Changed status to publish 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Rama Co. issued 50,000 shares of ₹ 10 each payable as follows: ₹ 3 on Application; ₹ 3 on Allotment; ₹ 2 on First Call; ₹ 2 on Final Call. 11 viewsAnurag Pathak Changed status to publish 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Ashirwad Ltd. was formed on 1st December, 2023, with a capital of ₹ 20,00,000 divided into shares of ₹ 10 each. It offered 80% of the shares to the public 26 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans ‘Tractors India Ltd.’ is registered with an authorized capital of ₹ 10,00,000 divided into 1,00,000 equity shares of ₹ 10 each. The company issued 50,000 equity shares at a premium of ₹ 5 per share 27 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Vikas Ltd. has an authorised capital of ₹ 40,00,000 divided into 4,00,000 Equity Shares of ₹ 10 each. Out of these, the company invited applications for 3,00,000 equity shares 26 viewsAnurag Pathak Answered question 1 day agoDk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Carol and Lacy were partners. They decided to dissolve their firm. Pass the journal entries for the following after various assets and external liabilities have been transferred to Realisation A/c 46 viewsAnurag Pathak Answered question 2 days agoDK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Pass necessary journal entries in the following cases on the dissolution of a partnership firm of partners X, Y, A and B : 28 viewsAnurag Pathak Answered question 2 days agoDK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm of Tony and Rony after the various assets (other than cash) and external liabilities have been transferred to Realization Account: 38 viewsAnurag Pathak Answered question 2 days agoDK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Vasudha and Dewan were partners in a firm sharing profits and losses in the ratio of 2 : 3. The firm was dissolved on 31st March, 2019. After transfer of assets (other than cash) and external liabilities to Realization Account 44 viewsAnurag Pathak Answered question 2 days agoDK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Ravi and Mukesh were partners in a firm sharing profit and losses equally. On 31st March, 2019 their firm was dissolved. On the date of dissolution their Balance Sheet showed stock of ₹ 60,000 and Creditors of ₹ 70,000 41 viewsAnurag Pathak Answered question 2 days agoDK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans P and Q share profits and losses in 5 : 3. What Journal entries would be passed for the following transactions on the dissolution of their firm, after various assets (other than cash) and third party liabilities have been transferred to Realisation Account 42 viewsAnurag Pathak Answered question 2 days agoDK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Pass necessary Journal entries for the following transactions, at the time of dissolution of the firm Realisation Expenses ₹ 3,000 paid 38 viewsAnurag Pathak Answered question 2 days agoDK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Susan, Geeta and Rashi are partners sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as at 31st March, 2017, is as under: 39 viewsAnurag Pathak Answered question 2 days agoDK Goel Dissolution of a Partnership Firm 1 2 … 157 158 Question and answer is powered by anspress.net
