Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Manoj and Nand were partners sharing profits in the ratio of 3 : 2. Pass journal entries under following situations at the time of dissolution of firm: 211 viewsAnurag Pathak Changed status to publish September 19, 2024DK Goel Retirement of a partner 0 Votes 1 Ans Karan and Vijay are partners in a firm sharing profits and losses in the ratio of 4 : 3. They admit Shrey for 1/3 share in the profits. 190 viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Following is the Balance Sheet of Amit and Vidya as at 31st March, 2024: Creditors ₹ 26,000 Employees Provident Fund ₹ 16,000 186 viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Om, Ram and Shanti were partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 1st April, 2014 their Balance Sheet was as follows: 233 viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Ashok and Biju were partners sharing profits and losses in the ratio of 3 : 1 respectively. The following was their balance sheet as at 31st March, 2024 179 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits in the proportion of 3 : 2. Their Balance Sheet as at 31st March, 2024 was as follows: 219 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits in the ratio of 5 : 3. C was admitted for 1/4th share in profits. C acquires this share as 3/16 from A and 1/4th of his share from B. C brings in ₹ 1,00,000 as his capital 199 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Sure Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd 238 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Hero Ltd. purchased assets of the books value of ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros 254 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Downhill Ltd. purchased Plant and Machinery for ₹ 10,00,000 payable as ₹ 3,25,000 in cash and balance by issue of 10% Debentures of ₹ 1,000 each issued at a discount of 10%. Pass Journal entries 231 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Airdrop Ltd. issued 6,000; 10% Debentures of ₹ 50 each at a premium of ₹ 15 payable as follows ₹ 15, including premium of ₹ 5 on application: 236 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Universal Auto Ltd. issued 40,000; 10% Debentures of ₹ 100 each at par for cash payable in full along with the application 262 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Fortune Ltd. issued 2,000; 8% Debentures of ₹ 100 each payable as follows ₹ 25 on application ₹ 25 on allotment and ₹ 50 on first and final call 243 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans BG Ltd. forfeited 2,000 Equity Shares of ₹ 100 each, issued at a premium of ₹ 50 per share, held by Ram for non-payment of the final call of ₹ 30 per share 282 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Star Plus Ltd has an authorised capital of ₹ 4,00,000 divided into shares of ₹ 20 each, the whole of which is issued and subscribed at a premium of ₹ 2 per share. The amount was payable as follows 269 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Sunflower Ltd. forfeited 400 shares of ₹ 100 each issued at a premium of ₹ 10 per share on which allotment money of ₹ 50 per share (including premium) and first call of ₹ 20 per share were not received 288 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Smile Ltd was formed for the purpose of purchasing business for ₹ 2,00,000, divided into 2,000 Equity Shares of ₹ 100 each. 1,000 shares were issued as fully paid to the vendors in part payment of the purchase consideration 277 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Vivaan Ltd. issued a prospectus inviting applications for 50,000 shares of ₹ 100 each. These shares were issued at par on the following terms: 278 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Newtown Ltd. issued for subscription 1,35,000 Equity Shares of ₹ 10 each to the public at a premium of 10% on the following terms: 273 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Moti Ltd. issued a prospectus inviting applications for 30,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 2 on application, ₹ 5 (including premium on Allotment, ₹ 3 on first call and balance on second and final call 263 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Sagar Ltd. issued a prospectus inviting applications for 30,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 2 on application, ₹ 5 (including premium on Allotment, ₹ 3 on first call and balance on second and final call 559 viewsAnurag Pathak Changed status to publish September 13, 2024[ISC] Accounting for Share Capital 0 Votes 1 Ans Cloud Ltd. issued 40,000 shares of ₹ 10 each payable as follows: On application ₹ 6 and balance on allotment 211 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Lovely Ltd. issued 40,000 shares of ₹ 10 each payable as follows On application ₹ 6 and balance on allotment 724 viewsAnurag Pathak Changed status to publish September 13, 2024[ISC] Accounting for Share Capital 0 Votes 1 Ans Sakshi Ltd. issued 20,000 Equity Shares of ₹ 10 each payable as ₹ 3 on application, ₹ 3 on allotment and ₹ 4 on call. The issue was oversubscribed to the extent of 15,000 shares, and the allotment was made as follows: 223 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Bee Cee Ltd. was registered with a capital of ₹ 10,00,000 divided into 20,000 shares of ₹ 50 each. The company issued for subscription 10,000 shares payable ₹ 10 per share on application, ₹ 10 per share on allotment 230 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital « Previous 1 2 … 6 7 8 9 10 … 161 162 Next » Question and answer is powered by anspress.net
