Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans A and B are partners sharing profits in the proportion of 3 : 2. Their Balance Sheet as at 31st March, 2024 was as follows: 594 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits in the ratio of 5 : 3. C was admitted for 1/4th share in profits. C acquires this share as 3/16 from A and 1/4th of his share from B. C brings in ₹ 1,00,000 as his capital 483 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Sure Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd 683 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Hero Ltd. purchased assets of the books value of ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros 621 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Downhill Ltd. purchased Plant and Machinery for ₹ 10,00,000 payable as ₹ 3,25,000 in cash and balance by issue of 10% Debentures of ₹ 1,000 each issued at a discount of 10%. Pass Journal entries 755 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Airdrop Ltd. issued 6,000; 10% Debentures of ₹ 50 each at a premium of ₹ 15 payable as follows ₹ 15, including premium of ₹ 5 on application: 740 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Universal Auto Ltd. issued 40,000; 10% Debentures of ₹ 100 each at par for cash payable in full along with the application 728 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Fortune Ltd. issued 2,000; 8% Debentures of ₹ 100 each payable as follows ₹ 25 on application ₹ 25 on allotment and ₹ 50 on first and final call 655 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans BG Ltd. forfeited 2,000 Equity Shares of ₹ 100 each, issued at a premium of ₹ 50 per share, held by Ram for non-payment of the final call of ₹ 30 per share 754 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Star Plus Ltd has an authorised capital of ₹ 4,00,000 divided into shares of ₹ 20 each, the whole of which is issued and subscribed at a premium of ₹ 2 per share. The amount was payable as follows 813 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Sunflower Ltd. forfeited 400 shares of ₹ 100 each issued at a premium of ₹ 10 per share on which allotment money of ₹ 50 per share (including premium) and first call of ₹ 20 per share were not received 720 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Smile Ltd was formed for the purpose of purchasing business for ₹ 2,00,000, divided into 2,000 Equity Shares of ₹ 100 each. 1,000 shares were issued as fully paid to the vendors in part payment of the purchase consideration 695 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Vivaan Ltd. issued a prospectus inviting applications for 50,000 shares of ₹ 100 each. These shares were issued at par on the following terms: 723 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Newtown Ltd. issued for subscription 1,35,000 Equity Shares of ₹ 10 each to the public at a premium of 10% on the following terms: 717 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Moti Ltd. issued a prospectus inviting applications for 30,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 2 on application, ₹ 5 (including premium on Allotment, ₹ 3 on first call and balance on second and final call 673 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Sagar Ltd. issued a prospectus inviting applications for 30,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 2 on application, ₹ 5 (including premium on Allotment, ₹ 3 on first call and balance on second and final call 926 viewsAnurag Pathak Changed status to publish September 13, 2024[ISC] Accounting for Share Capital 0 Votes 1 Ans Cloud Ltd. issued 40,000 shares of ₹ 10 each payable as follows: On application ₹ 6 and balance on allotment 676 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Lovely Ltd. issued 40,000 shares of ₹ 10 each payable as follows On application ₹ 6 and balance on allotment 1.10K viewsAnurag Pathak Changed status to publish September 13, 2024[ISC] Accounting for Share Capital 0 Votes 1 Ans Sakshi Ltd. issued 20,000 Equity Shares of ₹ 10 each payable as ₹ 3 on application, ₹ 3 on allotment and ₹ 4 on call. The issue was oversubscribed to the extent of 15,000 shares, and the allotment was made as follows: 698 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Bee Cee Ltd. was registered with a capital of ₹ 10,00,000 divided into 20,000 shares of ₹ 50 each. The company issued for subscription 10,000 shares payable ₹ 10 per share on application, ₹ 10 per share on allotment 604 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Anand Ltd. invited applications for 75,000 Equity Shares of ₹ 100 each on the following terms: On application ₹ 30 On Allotment ₹ 20 606 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Surya Ltd. issued for subscription 25,000 Equity Shares of ₹ 10 each payable as follows: On application ₹ 3; on allotment ₹ 3; on first and final call ₹ 4 (three months after allotment) 727 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Mohan, the holder of 100 shares, paid his second call of ₹ 10 along with the share first call money of ₹ 20 on 1st May, 2023. The second call was made by the company on 1st August, 2022 580 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Shivani, the holder of 200 shares, paid her arrears in respect of shares first call of ₹ 25 on 1st August, 2023, the due date of call being 1st May, 2023 580 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Newbie Ltd. issued 8,000 Equity Shares of ₹ 100 each. ₹ 50 per share was called, payable ₹ 20 on application, ₹ 10 on allotment, ₹ 10 on the first call and ₹ 10 on the second call 547 viewsAnurag Pathak Changed status to publish September 12, 2024Accounting For Share Capital « Previous 1 2 … 15 16 17 18 19 … 169 170 Next » Question and answer is powered by anspress.net
