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Category Dk Goel Issue of Shares (2024-25)

Dk Goel Issue of Shares (2024-25) 24 Questions

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A Company invited applications for 5,000 shares of ₹ 100 each. The amount is payable as follows: On Applications ₹ 20 per share On Allotment ₹ 30 per share

36 viewsAnurag Pathak Answered question 2 days agoDk Goel Issue of Shares (2024-25)

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X Ltd. issued shares for ₹ 20,00,000 divided into shares of ₹ 10 each at a premium of ₹ 5 per share, payable as under:

38 viewsAnurag Pathak Answered question 2 days agoDk Goel Issue of Shares (2024-25)

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Govind Ltd., issued a prospectus inviting applications for 20,000 shares of ₹ 10 each at a premium of ₹ 3 per share, payable as to ₹ 4 on application; ₹ 5 on allotment (including premium); ₹ 2 on First Call; and ₹ 2 on Final call

30 viewsAnurag Pathak Answered question 2 days agoDk Goel Issue of Shares (2024-25)

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Jyoti Power Ltd. decided to issue 8,50,000 equity shares of ₹ 10 each at a premium of ₹ 3 per share. The whole amount was payable on application

40 viewsAnurag Pathak Answered question 2 days agoDk Goel Issue of Shares (2024-25)

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A limited Company was registered with a capital of ₹ 5,00,000 in shares of ₹ 10 each and issued 20,000 such shares at a premium of ₹ 2 per share, payable as ₹ 3 per share on application

55 viewsAnurag Pathak Changed status to publish 4 days agoDk Goel Issue of Shares (2024-25)

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Saraswati Ltd. has an authorised capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. Subscribed and fully paid up share capital of the company was ₹ 4,00,000

48 viewsAnurag Pathak Answered question 4 days agoDk Goel Issue of Shares (2024-25)

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On 28-2-2023 the first call of ₹ 2 per share became due on 50,000 equity shares allotted by Kumar Ltd. Komal, a holder of 1,000 shares, did not pay the first call money

48 viewsAnurag Pathak Answered question 4 days agoDk Goel Issue of Shares (2024-25)

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On 1st February 2024, Raj Ltd. received in advance the first call of ₹ 25 per share on 4,000 equity shares. The first call was due on 31st March, 2024. Journalise the above transactions

53 viewsAnurag Pathak Answered question 4 days agoDk Goel Issue of Shares (2024-25)

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Shipra Limited invited applications for 80,000 shares of ₹ 10 each payable as follows: ₹ 2.50 on Application (on 1st May, 2023)

64 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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X Ltd. issued 20,000, 7% Preference Shares of ₹ 100 each at a premium of 6%. Payments were to be made as – ₹ 25 on Application; ₹ 46 on Allotment, ₹ 10 on First call and ₹ 25 on Final Call

59 viewsAnurag Pathak Changed status to publish 7 days agoDk Goel Issue of Shares (2024-25)

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Madhur Ltd. took over the assets of ₹ 5,00,000 and Liabilities of ₹ 40,000 of Rasova Ltd. for a consideration of ₹ 4,00,000. 20% was paid by a cheque and the balance by issue of fully paid equity shares of ₹ 100 each at a premium of 60%

46 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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X Ltd. took over the following assets and liabilities of Y Ltd Land & Building ₹ 20,00,000; Stock ₹ 5,00,000; Sundry Debtors ₹ 2,50,000 and Sundry Creditors ₹ 2,00,000

54 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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Tagore Ltd. purchased a running business from Tulsi Bros. for a sum of ₹ 60,00,000 payable by the issue of fully paid equity shares of ₹ 20 each at a premium of 50%

61 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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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%

61 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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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

64 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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Kanpur Gas Ltd. issued 40,000 equity shares of ₹ 10 each at a premium of ₹ 1 per share. Amounts were payable as follows:

58 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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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:

52 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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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

65 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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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

55 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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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

55 viewsAnurag Pathak Changed status to publish 7 days agoDk Goel Issue of Shares (2024-25)

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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.

52 viewsAnurag Pathak Changed status to publish 7 days agoDk Goel Issue of Shares (2024-25)

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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

55 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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‘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

54 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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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

56 viewsAnurag Pathak Answered question 7 days agoDk Goel Issue of Shares (2024-25)

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