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Category Dk Goel Issue of Shares (2024-25)

Dk Goel Issue of Shares (2024-25) 75 Questions

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

86 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

76 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

99 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)

84 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)

73 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)

85 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:

88 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

105 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

87 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

114 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

237 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

107 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

107 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

97 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

116 viewsAnurag Pathak Answered question October 21, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

David Ltd. issued ₹ 40,00,000 equity shares of ₹ 10 each out of its registered capital of ₹ 10,00,00,000. The amount payable on these shares was as follows:

97 viewsAnurag Pathak Answered question October 21, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

Xansa Ltd. offered 22,000 equity shares of ₹ 100 each to the public at a premium of ₹ 20 per share. The amount per share was payable as ₹ 30 on application; ₹ 50 (including premium) on allotment; and the balance on first and final call

101 viewsAnurag Pathak Answered question October 20, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

Suvidha Ltd. is registered with an authorized capital of ₹ 10,00,00,000 divided into 10,00,000 equity shares of ₹ 100 each. The company issued 1,00,000 shares for public subscription

99 viewsAnurag Pathak Answered question October 20, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

W Ltd. issued 10,000 shares of ₹ 100 each. During the year only ₹ 80 were called payable as follows On Application ₹ 25 On Allotment ₹ 20

103 viewsAnurag Pathak Answered question October 20, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

Nilgiri Tea Ltd. invited applications from the public for the issue of 1,00,000 Equity Shares of ₹ 20 each payable as: ₹ 5 on Application ₹ 7 on Allotment

97 viewsAnurag Pathak Edited answer October 20, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

Z Ltd. was registered with an authorised capital of ₹ 10,00,000 divided into 10,000 shares of ₹ 100 each. The company offered 5,000 of these shares to the public, which were payable ₹ 25 per share on application

134 viewsAnurag Pathak Answered question October 17, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

Fast Food Ltd. issued a prospectus offering 10,000 equity shares of ₹ 50 each at par payable as follows: On Application ₹ 15 On Allotment ₹ 10

113 viewsAnurag Pathak Answered question October 17, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

Dinesh Ltd issued 5,000 shares of ₹ 100 each at par, payable as follows: On Application ₹ 25 On Allotment ₹ 25 On First Call ₹ 20

133 viewsAnurag Pathak Answered question October 17, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

Alfa Ltd. issued 5,000 shares of ₹ 100 each at par. The amount payable was as under: ₹ 25 on application; ₹ 25 on allotment;

120 viewsAnurag Pathak Answered question October 17, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

X Ltd. was registered with an authorised capital of 2,00,000 shares of ₹ 10 each. It purchased assets of Y Ltd. for ₹ 3,00,000 and issued fully paid shares for purchase consideration

146 viewsAnurag Pathak Answered question October 17, 2024Dk Goel Issue of Shares (2024-25)

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