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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

391 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

488 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:

471 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

459 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

428 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

376 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

382 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

379 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

370 viewsAnurag Pathak Answered question October 12, 2024Dk Goel Issue of Shares (2024-25)

0 Votes 1 Ans

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

314 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

339 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%

313 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

383 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%

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

0 Votes 1 Ans

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%

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

0 Votes 1 Ans

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

296 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:

311 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:

304 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

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

0 Votes 1 Ans

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

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

0 Votes 1 Ans

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

317 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.

377 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

339 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

289 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

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

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