Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Global Sales Ltd. issued 2,50,000 Equity Shares of ₹ 10 each to public at par for subscription, amount being payable as application money. Pass necessary Journal entries in the books of the company 2.26K viewsAnurag Pathak Changed status to publish September 8, 2024Accounting For Share Capital 0 Votes 1 Ans Amit Ltd. 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 ₹ 2 per share on application 8.57K viewsAnurag Pathak Changed status to publish September 8, 2024[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans East India Hotels Ltd. was registered with authorised capital of ₹ 25,00,000 divided into 2,50,000 Equity Shares of ₹ 10 each. It issued 1,50,000 Equity Shares to public for subscription 2.65K viewsAnurag Pathak Changed status to publish September 8, 2024Accounting For Share Capital 0 Votes 1 Ans Red Roses Ltd. was registered with capital of ₹ 25,00,000 divided into 25,000 Equity Shares of ₹ 100 each. It issued 15,000 Equity Shares to public for subscription 2.50K viewsAnurag Pathak Changed status to publish September 8, 2024Accounting For Share Capital 0 Votes 1 Ans Fragrances Ltd. was registered with capital of ₹ 5,00,000 divided into 50,000 Equity Shares of ₹ 10 each. It issued 20,000 Equity Shares to public for subscription 2.56K viewsAnurag Pathak Changed status to publish September 8, 2024Accounting For Share Capital 0 Votes 1 Ans Grand Hotels Ltd. had authorised capital of ₹ 50,00,000 divided into 50,000 Equity Shares of ₹ 100 each. It issued 10,000 Equity Shares to public for subscription on the following terms 2.53K viewsAnurag Pathak Changed status to publish September 8, 2024Accounting For Share Capital 0 Votes 1 Ans Sunstar Ltd. has an authorised capital of ₹ 20,00,000 divided into equity shares of ₹ 10 each. The company invited applications for issuing of 60,000 shares. Applications were received for 58,000 shares 2.92K viewsAnurag Pathak Changed status to publish September 8, 2024Accounting For Share Capital 0 Votes 1 Ans Hari Aggarbatti Ltd. was registered with capital of ₹ 50,00,000 divided into 5,00,000 Equity Shares of ₹ 10 each. It issued 1,00,000 Equity Shares to public for subscription 2.62K viewsAnurag Pathak Changed status to publish September 8, 2024Accounting For Share Capital 0 Votes 1 Ans A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1 with Capitals of ₹ 70,000; ₹ 60,000 and ₹ 40,000 respectively. D is admitted in the firm for 1/4th share in profits, which he acquires 1/8th from A and 1/8th from B 2.67K viewsAnurag Pathak Answered question September 4, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A, B and C are partners in a firm sharing profits in the ratio of 5 : 3 : 2. D is admitted into the firm for 1/4 share in profits, which he gets as 1/8 from A and 1/8 from B. The total capital of the firm is agreed upon as ₹ 3,20,000 2.71K viewsAnurag Pathak Answered question September 4, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y are partners sharing profits in the ratio of 2 : 1. Their balance Sheet as at 31st March, 2022 was as follows: 3.13K viewsAnurag Pathak Changed status to publish September 4, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y are partners in a firm. They share profits and losses in the ratio of 2 : 1. Their Balance Sheet as at 31st March, 2023 stood as under: 2.75K viewsAnurag Pathak Changed status to publish September 4, 2024DK Goel Admission of a Partner 0 Votes 1 Ans On 31st March 2022, the Balance Sheet of A and B, who were sharing profits in the ratio of 3 : 2 was as follows: 3.10K viewsAnurag Pathak Changed status to publish September 2, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Mohan and Mahesh were partners in a firm sharing profits in the ratio of 3 : 2. On 1st April, 2024 they admitted Nusrat as a partner in the firm. The Balance Sheet of Mohan and Mahesh on that date was as under: 2.70K viewsAnurag Pathak Answered question September 2, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y were partners sharing profits in the ratio of 1 : 2. Their Balance Sheet as at 31st March, 2024 was as follows: 2.91K viewsAnurag Pathak Changed status to publish September 2, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Nem and Khem sharing profits in the ratio of 3 : 2 admit Prem as a partner with 1/3 share in profits. He had to contribute proportionate capital. They had following financial position 2.86K viewsAnurag Pathak Answered question September 2, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits in the ratio of 3 : 1. Their Balance sheet as at 31st March, 2023, was as under: 2.46K viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A, B and C are partners sharing profits and losses in the ratio of 6 : 3 : 1. Their respective capitals are A ₹ 5,00,000; B ₹ 4,00,000 and C ₹ 2,00,000. They decide to admit D into partnership and the new profit sharing ratio is agreed at 3 : 3 : 3 : 1 2.78K viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Following is the Balance sheet of X and Y who share profits and looses in the ratio of 3 : 2 as at 31st March, 2022: 2.35K viewsAnurag Pathak Changed status to publish September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Following figures have been extracted from the books of X and Y who share profit and losses in the ratio of 7 : 3. 2.33K viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits in the ratio of 2 : 1 : 1. Their respective capitals were A ₹ 3,00,000; B ₹ 2,00,000 and C ₹ 1,80,000. On 1st April, 2024 they admitted D as a new partner 2.44K viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Asin and Shreya are partners in a firm. They admit Ajay as a new partner with 1/5th share in the profits of the firm. Ajay brings ₹ 5,00,000 as his share of capital 2.31K viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y are partners with capital of ₹ 13,00,000 and ₹ 20,00,000. They share profits in the ratio of 1 : 2. They admit Z as a partner with 1/5th share in the profits of the firm. Z brings in ₹ 12,00,000 as his share of capital 2.42K viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Hemant and Nishant were partners in a firm sharing profits in the ratio of 3 : 2. Their Capitals were ₹ 1,50,000 and ₹ 1,30,000 respectively. They admitted Somesh on 1st April, 2024 as a new partner for 1/5th share in the future profits 2.37K viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are in partnership sharing profits and losses in the ratio of 3 : 2. On 1st April 2024, they admitted C into partnership. He paid ₹ 50,000 as his capital but nothing for Goodwill which was valued at ₹ 40,000 for the time 2.76K viewsAnurag Pathak Changed status to publish August 31, 2024DK Goel Admission of a Partner « Previous 1 2 … 31 32 33 34 35 … 183 184 Next » Question and answer is powered by anspress.net
