Ask question Search Order By: ActiveCategoryClear Filter 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% 105 viewsAnurag Pathak Answered question October 9, 2024Dk 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 105 viewsAnurag Pathak Answered question October 9, 2024Dk 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: 116 viewsAnurag Pathak Answered question October 9, 2024Dk 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: 100 viewsAnurag Pathak Answered question October 9, 2024Dk 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 109 viewsAnurag Pathak Answered question October 9, 2024Dk 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 119 viewsAnurag Pathak Answered question October 9, 2024Dk 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 104 viewsAnurag Pathak Changed status to publish October 9, 2024Dk 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. 100 viewsAnurag Pathak Changed status to publish October 9, 2024Dk 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 112 viewsAnurag Pathak Answered question October 9, 2024Dk 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 98 viewsAnurag Pathak Answered question October 9, 2024Dk 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 100 viewsAnurag Pathak Answered question October 9, 2024Dk 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 106 viewsAnurag Pathak Answered question October 8, 2024DK 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 : 108 viewsAnurag Pathak Answered question October 8, 2024DK 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: 106 viewsAnurag Pathak Answered question October 8, 2024DK 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 110 viewsAnurag Pathak Answered question October 8, 2024DK 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 ₹ 70,000 112 viewsAnurag Pathak Answered question October 8, 2024DK 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 107 viewsAnurag Pathak Answered question October 8, 2024DK 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 107 viewsAnurag Pathak Answered question October 8, 2024DK 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: 114 viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans A, B and C shared profits in the ratio of 1 : 2 : 2. Following is their Balance Sheet on the date of dissolution: 116 viewsAnurag Pathak Changed status to publish October 8, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans E, F and G were partners in a firm sharing profits in the ratio of 2 : 2 : 1. On March 31, 2017, their firm was dissolved. On the date of dissolution, the Balance Sheet of the firm was as follows: 100 viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans A and B shared profits in the ratio of 7 : 3. They dissolved the partnership and appointed A to realise the assets. A is to receive 6% commission on the amount realised from stock, Debtors, B/R and Shares 179 viewsAnurag Pathak Answered question October 2, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans X, Y and Z decided to dissolve partnership. The position as at 31st December, 2023, the date of dissolution was as follows: 143 viewsAnurag Pathak Answered question October 2, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans A, B and C sharing profits and losses in the ratio of 3 : 2 : 1 agreed to dissolve their partnership firm on 31st March, 2024. A was asked to realise the assets and pay off liabilities 165 viewsAnurag Pathak Answered question October 2, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Arnab, Ragini and Dhrupad are partners sharing profits in the ratio of 3 : 1 : 1. Last year, conflicts arose due to certain issues of disagreements and on 31st March, 2023, they decided to dissolved the firm. On that date their Balance sheet was as under: 6.13K viewsAnurag Pathak Changed status to publish October 1, 2024[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions « Previous 1 2 3 4 5 6 7 … 161 162 Next » Question and answer is powered by anspress.net
