Category Accounting For Share Capital
Accounting For Share Capital
283 Questions
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The authorised capital of Sarang Ltd. is ₹ 1,20,00,000 divided into 12,00,000 shares of ₹ 10 each. Out of these, company issued 8,00,000 shares of ₹ 10 each at a premium of 20%. The amount per share was payable as follows:
4.70K viewsAnurag Pathak Changed status to publish [CBSE] TS Grewal SolutionsAccounting For Share Capital
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Sony Media Ltd. issued 50,000 shares of ₹ 10 each payable ₹ 3 on application, ₹ 4 on allotment and balance on first and final call. Applications were received for 1,00,000 shares and allotment was made as follows:
4.59K viewsAnurag Pathak Changed status to publish [CBSE] TS Grewal SolutionsAccounting For Share Capital
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Citizen Watches Ltd. invited applications for 50,000 shares of ₹ 10 each payable ₹ 3 on application, ₹ 4 on allotment and balance on first and final call. Applications were received for 60,000 shares
4.46K viewsAnurag Pathak Changed status to publish [CBSE] TS Grewal SolutionsAccounting For Share Capital
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Sangam Marbles Ltd. invited applications for 20,000 Equity Shares of ₹ 100 each issued at par payable on application. The issue was oversubscribed by 5,000 shares and allotment was made on pro rata basis. Pass necessary Journal entries.
4.75K viewsAnurag Pathak Changed status to publish [CBSE] TS Grewal SolutionsAccounting For Share Capital
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Faber Ltd. Invited applications for 70,000 equity shares of ₹ 100 each. The application money received @ ₹ 30 per share was ₹ 27,00,000. Name the kind of subscription. List the three alternatives for allotting these shares.
4.28K viewsAnurag Pathak Changed status to publish [CBSE] TS Grewal SolutionsAccounting For Share Capital
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Authorised capital of Suhani Ltd. is ₹ 45,00,000 divided into 30,000 shares of ₹ 150 each. Out of these company issued 15,000 sahres of ₹ 150 each at a premium of ₹ 10 per share. The amount was payable as follows:
4.62K viewsAnurag Pathak Changed status to publish [CBSE] TS Grewal SolutionsAccounting For Share Capital
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