Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans A company issued for public subscription 60,000 equity shares of ₹ 10 each at a premium of ₹ 4 per share, payable as under : ₹ 4 on Application; ₹ 5 on Allotment (including premium), ₹ 2.50 on First Call and ₹ 2.50 on Final Call 229 viewsAnurag Pathak Answered question October 31, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Amrit Ltd. issued 50,000 shares of ₹ 10 each at a premium of 20% payable as ₹ 3 on application, ₹ 4 on allotment (including premium), ₹ 2 on first call and the remaining on second call 221 viewsAnurag Pathak Answered question October 31, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans A company issued 10,000 shares of ₹ 10 each at a premium of ₹ 1 per share, payment to be made as follows: Applications were received for 20,000 shares. Applications for 5,000 shares were rejected 277 viewsAnurag Pathak Changed status to publish October 31, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Jay Ltd. issued a prospectus inviting applications for 1,00,000 shares of ₹ 10 each. These shares were issued at par on the following terms: On Application ₹ 2,50 298 viewsAnurag Pathak Answered question October 31, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. offered 25,000 shares of ₹ 100 each payable as ₹ 25 on application, ₹ 20 on allotment, ₹ 30 on first call and the balance on final call 219 viewsAnurag Pathak Answered question October 30, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 0 Ans X Ltd. offered 25,000 shares of ₹ 100 each payable as ₹ 25 on application, ₹ 20 on allotment, ₹ 30 on first call and the balance on final call 202 viewsAnurag Pathak Changed status to publish October 30, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Prayuj Ltd. forfeited 2,000 shares of ₹ 10 each, fully called up, on which they had received only ₹ 14,000. Out of forfeited shares 50 shares were reissued for ₹ 9 per share fully paid up 193 viewsAnurag Pathak Answered question October 30, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Journalise the following transactions in the books of Poonam Ltd.: 200 shares of ₹ 10 each issued at a premium of ₹ 5 each payable with allotment were forfeited 186 viewsAnurag Pathak Answered question October 30, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans AXN Ltd. invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of ₹ 6 per share. The amount was payable as follows: 176 viewsAnurag Pathak Answered question October 30, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans A Co. Ltd. offered to the public 20,000 equity shares of ₹ 100 each at a premium of ₹ 10 per share. The payment was to be as follows: On Application ₹ 30 per share 251 viewsAnurag Pathak Changed status to publish October 29, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Hindustan Ltd. issued 20,000 shares of ₹ 20 each at 20% premium. Amount was payable as follows: On Application ₹ 5 On Allotment ₹ 6 197 viewsAnurag Pathak Answered question October 28, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Journalise the following: (a) Y Ltd. forfeited 400 shares of ₹ 100 each, issued at a premium of ₹ 5 per share (to be paid at the time of allotment) for non-payment of a first call of ₹ 20 per share 228 viewsAnurag Pathak Answered question October 27, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. forfeited 500 shares of ₹ 100 each, ₹ 75 called-up, issued at 10% premium (to be paid at the time of allotment) for non-payment of a first call of ₹ 20 per share 306 viewsAnurag Pathak Answered question October 27, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Vikram Ltd. issued 50,000 shares of ₹ 10 each at a premium of ₹ 1 per share payable as follows: ₹ 3 on Application; ₹ 4 on Allotment (including premium) 180 viewsAnurag Pathak Answered question October 27, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. issued a prospectus offering 2,00,000 shares of ₹ 10 each at ₹ 14 per share, payable as follows On Application ₹ 4 On Allotment ₹ 6 (including Premium ₹ 4) 213 viewsAnurag Pathak Answered question October 27, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Accountancy Publication Ltd. issued 50,000 equity shares of ₹ 10 each at a premium of 10% payable as under: On Application ₹ 3; On Allotment ₹ 4 (Premium ₹ 1) 209 viewsAnurag Pathak Answered question October 25, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Paliwal Exports Ltd. with a share capital of ₹ 10,00,000 divided into 20,000 shares of ₹ 50 each offers the shares to the public as under: 190 viewsAnurag Pathak Answered question October 25, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Journalise the following A Ltd. forfeited 1,000 shares of ₹ 10 each, ₹ 8 paid, for non-payment of final call of ₹ 2 per share. Out of these, 400 shares were re-issued as fully paid-up in such a way that ₹ 2,000 were transferred to Capital Reserve 239 viewsAnurag Pathak Answered question October 23, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Pass journal entries for the forfeiture and re-issue in the following cases: X Ltd forfeited 700 shares of Ashok of ₹ 10 each ₹ 8 called-up, on which he had paid ₹ 5 per share. Out of these, 500 shares were re-issued for ₹ 9 per share as fully paid 205 viewsAnurag Pathak Answered question October 23, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Pass Journal entries for the forfeiture and re-issue in the following cases: (i) A Ltd. forfeited 1,000 shares of ₹ 10 each fully called up for non-payment of first call of ₹ 3 per share and final call of ₹ 3 per share 256 viewsAnurag Pathak Answered question October 22, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans A, who holds 200 shares of ₹ 100 each, has paid only ₹ 25 per share as application money. B, who holds 300 shares of ₹ 100 each, has paid ₹ 25 per share on application and ₹ 30 per share on allotment 655 viewsAnurag Pathak Answered question October 22, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Surya Tubes Limited issued 20,000 shares of ₹ 100 each. The due amount was received except for 500 shares on which ₹ 75 per share was received 241 viewsAnurag Pathak Answered question October 22, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Star Ltd. was registered with an authorised Capital of ₹ 1,00,00,000 divided into 40,000 8% Preference Shares of ₹ 100 each and 3,00,000 Equity Shares of ₹ 20 each 256 viewsAnurag Pathak Answered question October 21, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans On 1st April, 2023, Blue Heaven Ltd. was formed with an authorised capital of ₹ 20,00,000 divided into 2,00,000 equity shares of ₹ 10 each. The company issued prospectus inviting applications for 1,50,000 equity shares 206 viewsAnurag Pathak Edited answer October 21, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Girish Ltd. was registered with an authorised capital of ₹ 1,00,00,000 divided into equity shares of ₹ 20 each payable as follows: ₹ 5 on application 278 viewsAnurag Pathak Answered question October 21, 2024Dk Goel Issue of Shares (2024-25) « Previous 1 2 … 6 7 8 9 10 … 167 168 Next » Question and answer is powered by anspress.net
