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
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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
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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
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X Ltd. issued shares for ₹ 20,00,000 divided into shares of ₹ 10 each at a premium of ₹ 5 per share, payable as under:
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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
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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
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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
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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
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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
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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
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