Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Ratan Ltd. ‘forfeited 1,000 shares of ₹ 10 each for non-payment of first and final call of ₹ 2 per share. These shares were reissued and gain on reissue transferred to Capital Reserve was ₹ 5,000 4.56K viewsAnurag Pathak Answered question September 9, 2024Accounting For Share Capital 0 Votes 1 Ans A company forfeited 4,000 shares of ₹ 10 each fully called-up, on which application money of ₹ 3 each has been paid. Out of these, 2,000 shares were reissued as fully paid-up for ₹ 18,000 5.65K viewsAnurag Pathak Answered question September 9, 2024Accounting For Share Capital 0 Votes 1 Ans Dell Ltd. forfeited 2,000 Equity Shares of ₹ 50 each issued at 10% premium on which allotment money of ₹ 15 per equity share (including premium) and first call of ₹ 15 per share were not received, the second and final call of ₹ 10 per equity share was not yet called 3.26K viewsAnurag Pathak Answered question September 9, 2024Accounting For Share Capital 0 Votes 1 Ans Computer Mart Ltd. forfeited 1,000 Equity Shares of ₹ 50 each issued at 10% premium on which allotment money of ₹ 15 per equity share (including premium) and first call of ₹ 15 per share were not received the second and final call of ₹ 10 per equity share were not yet called 3.77K viewsAnurag Pathak Answered question September 9, 2024Accounting For Share Capital 0 Votes 1 Ans Star Ltd. issued 10,000 shares of ₹ 10 each, payable as ₹ 4 on application, ₹ 3 on allotment, ₹ 2 on first call and balance on second and final call. 500 shares were forfeited, Calculate the ‘Maximum Permissible Discount’ and Minimum Reissue Price 4.15K viewsAnurag Pathak Answered question September 9, 2024Accounting For Share Capital 0 Votes 1 Ans Vani Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of 10%. The amounts were payable as under: 5.19K viewsAnurag Pathak Changed status to publish September 8, 2024Accounting For Share Capital 0 Votes 1 Ans Ajanta Ltd. issued a prospectus inviting applications for issuing 5,00,000 equity shares of ₹ 10 each issued at a premium of 10%. The amount was payable as follows: 5.06K viewsAnurag Pathak Changed status to publish September 8, 2024Accounting For Share Capital 0 Votes 1 Ans Mangla Cortubi Ltd. took over a unit of Mangla Tubes Ltd. consisting of Machinery – ₹ 4,00,000, Tools and Dies – ₹ 10,00,000 and Liabilities of ₹ 25,00,000 for a consideration of ₹ 20,00,000 4.90K viewsAnurag Pathak Answered question September 8, 2024Accounting For Share Capital 0 Votes 1 Ans Avon Ltd. issued for subscription 10,000 shares of ₹ 25 each, payable ₹ 5 per share on application, ₹ 10 per share on allotment (including ₹ 5 per share as premium), ₹ 5 per share as first call on the shares 4.77K viewsAnurag Pathak Changed status to publish September 8, 2024Accounting For Share Capital 0 Votes 1 Ans Seema Ltd. issued for subscription 10,000 shares of ₹ 25 each, payable ₹ 5 per share on application, ₹ 10 per share on allotment (including ₹ 5 per share as premium), ₹ 5 per share as first call on the shares and the balance in two equal amounts at intervals of three months 9.76K viewsAnurag Pathak Changed status to publish September 8, 2024[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Bharat Ltd. was incorporated with a capital of ₹ 20,00,000 divided into shares of ₹ 10 each, 20,000 shares were offered for subscription and out of these, 18,000 shares were applied for and allotted 9.53K viewsAnurag Pathak Changed status to publish September 8, 2024[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Alok Leathers Ltd. invited applications for 10,000 shares of ₹ 100 each payable as follows: ₹ 30 on application, ₹ 30 on allotment and balance on first and final call 4.09K viewsAnurag Pathak Changed status to publish September 8, 2024Accounting For Share Capital 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 3.20K 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 9.67K 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 3.68K 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 3.40K 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 3.49K 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 3.56K 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 3.92K 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 3.30K 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 3.88K 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 4.00K 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: 4.34K 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: 4.23K 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: 4.82K viewsAnurag Pathak Changed status to publish September 2, 2024DK Goel Admission of a Partner « Previous 1 2 … 36 37 38 39 40 … 188 189 Next » Question and answer is powered by anspress.net
