Posted inAccountancy Class 12 General
On 1st May, 2023, Moneyplus Ltd. Forfeited 200 shares
66 :- On 1st May, 2023, Moneyplus Ltd. Forfeited 200 shares of Rs 20 each, Rs 15 per share called-up, on which Rs 10 per share has been paid by A,…
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Question 63 to 67 (Forfeiture and Reissue of Shares which were Issued at Par)
63 :- A company forfeited 4,000 shares of Rs 10 each fully called-up, on which application money of Rs 3 each has been paid. Out of these, 2,000 shares were…
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Max Ltd. Forfeited 500 shares of Rs 100 each for non-payment
65 :- Max Ltd. Forfeited 500 shares of Rs 100 each for non-payment of first call of Rs 20 per share and final call of Rs 25 per share. 250…
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Alfa Ltd. Forfeited 900 Equity Shares of Rs 100 each
64 :- Alfa Ltd. Forfeited 900 Equity Shares of Rs 100 each for the non-payment of allotment money of Rs 30 per share and the first call of Rs 20…
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A company forfeited 4,000 shares of Rs 10 each fully called-up
63 :- A company forfeited 4,000 shares of Rs 10 each fully called-up, on which application money of Rs 3 each has been paid. Out of these, 2,000 shares were…
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What Amount of gain on reissue will be transferred to Capital Reserve
Question 62 (Treatment of Gain on Reissue of Forfeited Shares) 62 :- What Amount of gain on reissue will be transferred to Capital Reserve under following situations ?(i) 3,000 shares…
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Question 58 to 61 (Maximum Permissible Discount and Minimum Reissue Price at the time of Reissue)
58 :- 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 :(i) A…
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Dell Ltd. Forfeited 2,000 Equity Shares of Rs 50 each
61 :- Dell Ltd. Forfeited 2,000 Equity Shares of Rs 50 each issued at 10% premium on which allotment money of Rs 15 equity share (including premium) and first call…
Posted inAccountancy Class 12 General
Star Ltd. Issued 10,000 shares of Rs 10 each payable
59 :- Star Ltd. Issued 10,000 shares of Rs 10 each payable as Rs 4 on application, Rs 3 on allotment, Rs 2 on first call and balance on second…
Posted inAccountancy Class 12 General
Determine the maximum permissible discount
58 :- 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 :(i) A…