Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Jay Ltd. issued a prospectus inviting applications for 1,00,000 shares of ₹ 10 each. These shares were issued at par on the following terms: On Application ₹ 2,50 61 viewsAnurag Pathak Answered question October 31, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. offered 25,000 shares of ₹ 100 each payable as ₹ 25 on application, ₹ 20 on allotment, ₹ 30 on first call and the balance on final call 69 viewsAnurag Pathak Answered question October 30, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 0 Ans X Ltd. offered 25,000 shares of ₹ 100 each payable as ₹ 25 on application, ₹ 20 on allotment, ₹ 30 on first call and the balance on final call 45 viewsAnurag Pathak Changed status to publish October 30, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Prayuj Ltd. forfeited 2,000 shares of ₹ 10 each, fully called up, on which they had received only ₹ 14,000. Out of forfeited shares 50 shares were reissued for ₹ 9 per share fully paid up 63 viewsAnurag Pathak Answered question October 30, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Journalise the following transactions in the books of Poonam Ltd.: 200 shares of ₹ 10 each issued at a premium of ₹ 5 each payable with allotment were forfeited 75 viewsAnurag Pathak Answered question October 30, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans AXN Ltd. invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of ₹ 6 per share. The amount was payable as follows: 68 viewsAnurag Pathak Answered question October 30, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans A Co. Ltd. offered to the public 20,000 equity shares of ₹ 100 each at a premium of ₹ 10 per share. The payment was to be as follows: On Application ₹ 30 per share 93 viewsAnurag Pathak Changed status to publish October 29, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Hindustan Ltd. issued 20,000 shares of ₹ 20 each at 20% premium. Amount was payable as follows: On Application ₹ 5 On Allotment ₹ 6 76 viewsAnurag Pathak Answered question October 28, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Journalise the following: (a) Y Ltd. forfeited 400 shares of ₹ 100 each, issued at a premium of ₹ 5 per share (to be paid at the time of allotment) for non-payment of a first call of ₹ 20 per share 72 viewsAnurag Pathak Answered question October 27, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. forfeited 500 shares of ₹ 100 each, ₹ 75 called-up, issued at 10% premium (to be paid at the time of allotment) for non-payment of a first call of ₹ 20 per share 88 viewsAnurag Pathak Answered question October 27, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Vikram Ltd. issued 50,000 shares of ₹ 10 each at a premium of ₹ 1 per share payable as follows: ₹ 3 on Application; ₹ 4 on Allotment (including premium) 76 viewsAnurag Pathak Answered question October 27, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. issued a prospectus offering 2,00,000 shares of ₹ 10 each at ₹ 14 per share, payable as follows On Application ₹ 4 On Allotment ₹ 6 (including Premium ₹ 4) 68 viewsAnurag Pathak Answered question October 27, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Accountancy Publication Ltd. issued 50,000 equity shares of ₹ 10 each at a premium of 10% payable as under: On Application ₹ 3; On Allotment ₹ 4 (Premium ₹ 1) 79 viewsAnurag Pathak Answered question October 25, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Paliwal Exports Ltd. with a share capital of ₹ 10,00,000 divided into 20,000 shares of ₹ 50 each offers the shares to the public as under: 80 viewsAnurag Pathak Answered question October 25, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Journalise the following A Ltd. forfeited 1,000 shares of ₹ 10 each, ₹ 8 paid, for non-payment of final call of ₹ 2 per share. Out of these, 400 shares were re-issued as fully paid-up in such a way that ₹ 2,000 were transferred to Capital Reserve 98 viewsAnurag Pathak Answered question October 23, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Pass journal entries for the forfeiture and re-issue in the following cases: X Ltd forfeited 700 shares of Ashok of ₹ 10 each ₹ 8 called-up, on which he had paid ₹ 5 per share. Out of these, 500 shares were re-issued for ₹ 9 per share as fully paid 83 viewsAnurag Pathak Answered question October 23, 2024Dk Goel Issue of Shares (2024-25) 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 107 viewsAnurag Pathak Answered question October 22, 2024Dk 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 203 viewsAnurag Pathak Answered question October 22, 2024Dk 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 91 viewsAnurag Pathak Answered question October 22, 2024Dk 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 96 viewsAnurag Pathak Answered question October 21, 2024Dk 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 93 viewsAnurag Pathak Edited answer October 21, 2024Dk 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 104 viewsAnurag Pathak Answered question October 21, 2024Dk 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: 88 viewsAnurag Pathak Answered question October 21, 2024Dk 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 88 viewsAnurag Pathak Answered question October 20, 2024Dk 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 89 viewsAnurag Pathak Answered question October 20, 2024Dk Goel Issue of Shares (2024-25) « Previous 1 2 3 4 … 161 162 Next » Question and answer is powered by anspress.net
