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Category Dk Goel Issue of Shares (2024-25)

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

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On October 1, 2023 X Ltd. offered 1,00,000 shares of ₹ 10 each payable as follows: On Application ₹ 3 per share On Allotment ( November 1, 2023) ₹ 2 per share

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

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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

877 viewsAnurag Pathak Answered question October 14, 2024Dk 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:

847 viewsAnurag Pathak Answered question October 14, 2024Dk 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

795 viewsAnurag Pathak Answered question October 14, 2024Dk 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

752 viewsAnurag Pathak Answered question October 14, 2024Dk 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

760 viewsAnurag Pathak Changed status to publish October 12, 2024Dk 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

736 viewsAnurag Pathak Answered question October 12, 2024Dk 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

834 viewsAnurag Pathak Answered question October 12, 2024Dk 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

729 viewsAnurag Pathak Answered question October 12, 2024Dk 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)

702 viewsAnurag Pathak Answered question October 9, 2024Dk 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

651 viewsAnurag Pathak Changed status to publish October 9, 2024Dk 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%

653 viewsAnurag Pathak Answered question October 9, 2024Dk 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

728 viewsAnurag Pathak Answered question October 9, 2024Dk 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%

696 viewsAnurag Pathak Answered question October 9, 2024Dk 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%

655 viewsAnurag Pathak Answered question October 9, 2024Dk 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

607 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

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

618 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

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:

653 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

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

714 viewsAnurag Pathak Answered question October 9, 2024Dk 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

819 viewsAnurag Pathak Answered question October 9, 2024Dk 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

638 viewsAnurag Pathak Changed status to publish October 9, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

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.

734 viewsAnurag Pathak Changed status to publish October 9, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

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

669 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

‘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

636 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

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

671 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25)

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