Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Give necessary Journal entries: (i) The Directors of Devendra Ltd. resolved on 1st January, 2010 that 100 Equity Shares of ₹ 10 each, ₹ 8 paid-up forfeited for non-payment of final call of ₹ 2 3.89K viewsAnurag Pathak Changed status to publish September 6, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Super Star Ltd. makes an issue of 10,000 Equity Shares of ₹ 100 each, payable as: 3.50K viewsAnurag Pathak Changed status to publish September 6, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Star Ltd. forfeited 500 Equity Shares of ₹ 100 each for non-payment of first call of ₹ 30 per share 3.52K viewsAnurag Pathak Changed status to publish September 6, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans The Hindustan Manufacturing Ltd. has a total subscribed capital of ₹ 10,00,000 in Equity Shares of ₹ 10 each of which ₹ 7,50 were called-up 3.80K viewsAnurag Pathak Changed status to publish September 6, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans R.P Ltd forfeited 1,500 shares of Rahim of ₹ 10 each issued at a premium of ₹ 3 per share for non-payment of allotment and first call money 6.51K viewsAnurag Pathak Changed status to publish September 6, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Sunshine Industries Ltd. issued 20,000 shares of ₹ 100 each payable ₹ 25 per share on application, ₹ 25 per share on allotment and the balance in two call of ₹ 25 each 3.76K viewsAnurag Pathak Changed status to publish September 6, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans The Directors of Maharashtra Ltd. resolved on 1st May, 2020 that 2,000 Equity Shares of ₹ 10 each, ₹ 7.50 paid be forfeited for non-payment of final call of ₹ 2.50 3.82K viewsAnurag Pathak Changed status to publish September 6, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans On 1st May, 2022, Moneyplus Ltd. forfeited 200 shares of ₹ 20 each, ₹ 15 per share called-up, on which ₹ 10 per share has been paid by A, the amount of the first call of ₹ 5 per share being unpaid 4.13K viewsAnurag Pathak Changed status to publish September 6, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Alfa Ltd. forfeited 900 Equity Shares of ₹ 100 each for the non-payment of allotment money of ₹ 30 per share and the first call of ₹ 20 per share 3.97K viewsAnurag Pathak Changed status to publish September 6, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Z Ltd. issued 10,000 shares of the value of ₹ 10 each, payable ₹ 3 on application, ₹ 3 on allotment and ₹ 4 on the first and final call 3.71K viewsAnurag Pathak Changed status to publish September 6, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans What amount of gain on reissue will be transferred to Capital Reserve under following situations? (i) 3,000 shares of ₹ 10 each of Rakesh were 3.45K viewsAnurag Pathak Changed status to publish September 6, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Determine the maximum permissible discount and minimum reissue price that a company can allow at the time of reissue of forfeited shares in the following cases 3.63K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Black Stone Ltd. issued 10,000 Equity Shares of ₹ 10 each at a premium of ₹ 3 per share payable ₹ 5 on application, ₹ 5 (including premium) on allotment and the balance on first call 3.35K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Ankit Ltd issued 20,000 equity shares of ₹ 10 each at a premium of ₹ 2 per share, payable as: 3.48K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Ratan Ltd forfeited 3,000 shares of ₹ 10 each (issued at ₹ 2 premium) for non-payament of first call of ₹ 2 per share 4.38K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Sangita Limited invited applications for issuing 60,000 shares of ₹ 10 each at par. The amount was payable as follows: on application ₹ 2 per share; on allotment ₹ 3 per share; on first and final call ₹ 5 per share 4.54K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Alpha Ltd. issued 20,000 Equity Shares of ₹ 10 each at par payable: On Application ₹ 2 per share; on allotment ₹ 3 per share; on first call ₹ 3 per share; on second and final call ₹ 2 per share. 3.37K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Vikram Ltd. forfeited 5,000 shares of Rahul, who had applied for 6,000 shares for non-payment of allotment money of ₹ 5 per share and first and final call of ₹ 2 per share 4.92K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Light Lamps Ltd. issued 50,000 shares of ₹ 10 each as fully paid-up to the promoters for their services to set-up the company 3.47K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Sandesh Ltd. purchased a running business from Sanchar Ltd for ₹ 15,00,000 payable 10% by cheque and the balance by the issue of fully paid Equity Shares of ₹ 100 each at a premium of 20% 4.30K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Sure Ltd. purchased a running business from M/s. Rai Brothers for a sum of ₹ 15,00,000 payable ₹ 12,00,000 in fully paid shares of ₹ 10 each and the balance through cheque 3.11K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Sandesh Ltd. took over the assets of ₹ 7,00,000 and liabilities of ₹ 2,00,000 from Sanchar Ltd. for a purchase consideration of 3.72K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Bhushan Lamps Ltd issued 30,000 Fully Paid up shares of ₹ 100 each for purchase of the following assets and liabilities from Sharma & Co.: 3.67K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Sona Ltd purchased machinery costing ₹ 17,00,000 from Mona Ltd. Sona Ltd. paid 20% of the amount by cheque and for 3.50K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Goodluck Ltd purchased machinery costing ₹ 10,00,000 from Fair Deals Ltd The company paid the price by issue 3.66K viewsAnurag Pathak Changed status to publish September 3, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital « Previous 1 2 … 120 121 122 123 124 … 161 162 Next » Question and answer is powered by anspress.net
