Artex Ltd. is registered with an Authorised Share Capital of ₹ 20,00,000 divided into 2,00,000 Equity Shares of ₹ 10 each. Out of these, 40,000 Equity Shares were issued to a vendor as fully paid
Solution:-
Commerce School
Student Community
Archives Answers
Answer
Sagar Ltd. issued for subscription 10,000 shares of ₹ 100 each at a premium of ₹ 20 per share payable as follows: ₹ 10 per share on application
Solution:-
Linux Ltd. has authorised capital of ₹ 10,00,000 divided into shares of ₹ 10 each. It offered 40,000 shares on the following terms:
Solution:-
Starplus Ltd. was registered with an authorised capital of ₹ 10,00,00,000 divided into 7,50,000 Equity shares of ₹ 100 each and 2,50,000; 9% Preference Shares of ₹ 100 each
Solution:-
Linux Ltd. was registered with Authorised Capital of ₹ 20,00,000 divided into 1,00,000 Equity Shares of ₹ 10 each and 10,000; 10% Preference Shares of ₹ 100 each
Solution:-
Nidhi Ltd. is registered with an authorised capital of ₹ 50,00,000 divided into Equity Shares of ₹ 10 each. The company issued all the shares for public subscription
Solution:-
Saurab Ltd. issued 2,000; 9% Debentures of ₹ 100 each payable as follows: ₹ 25 on application; ₹ 25 on allotment and ₹ 50 on first and final call.
Solution:-
Epson Ltd. issued 40,000; 10% Debentures of ₹ 100 each at par for cash payable in full along with the application. Applications were received for 60,000 debentures
Solution:-
Arvind Ltd. issued 20,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as: On Application ₹ 6 On Allotment ₹ 3 (including premium)
Solution:-
Swasth Ltd. ‘forfeited 2,000 shares of ₹ 10 each for non-payment of final call of ₹ 3 per share. 1,500 of these shares were reissued and gain on reissue transferred to Capital Reserve was ₹ 7,500
Solution:-