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Issue of Shares

Home » Class 12 » Accountancy » TS Grewal - Vol 2 » Issue of Shares » Page 6
Posted inAccountancy Class 12 General

Grofers Ltd. Having authorised capital of Rs 25,00,000

81 :- Grofers Ltd. Having authorised capital of Rs 25,00,000, issued 2,00,000 equity shares of Rs 10 each for subscription payable Rs 4 on application, Rs 3 on allotment and…
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Posted inAccountancy Class 12 General

Park Hospitality Ltd. Incorporated with authorised capital

80 :- Park Hospitality Ltd. Incorporated with authorised capital of Rs 15,00,000, Rs 1,50,000 equity shares of Rs 10 each, issued 1,00,000 equity shares for subscription payable Rs 4 on…
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Posted inAccountancy Class 12 General

Kwality Hospitality Ltd. Incorporated with authorised capital

79 :- Kwality Hospitality Ltd. Incorporated with authorised capital of Rs 10,00,000, 1,00,000 equity shares of Rs 10 each, issued 50,000 equity shares for subscription payable Rs 4 on application,…
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Posted inAccountancy Class 12 General

‘Venus Ltd.’ was registered with an authorised capital

78 :- ‘Venus Ltd.’ was registered with an authorised capital of Rs 40,00,000 divided into 4,00,000 equity shares of Rs 10 each. 70,000 of these shares were issued as fully…
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Posted inAccountancy Class 12 General

Slow and Steady Ltd. Invited applications for allotment

77 :- Slow and Steady Ltd. Invited applications for allotment of 10,000 Equity Shares of Rs 10 each from public. The amount of these shares was payable as:On Application Rs…
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Posted inAccountancy Class 12 General

Rekha holds 100 shares of Rs10 each

74 :- Rekha holds 100 shares of Rs10 each on which she has paid Rs 1 per share on application.Sunita holds 200 shares of Rs 10 each on which she…
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Surya Ltd. Took over assets of Rs 40,00,000 and Liabilities of Rs 7,50,000

44 :- Surya Ltd. Took over assets of Rs 40,00,000 and Liabilities of Rs 7,50,000 of Moon Ltd. Surya Ltd. Paid the purchase consideration by issuing 17,600; 10% Preference Shares…
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Posted inAccountancy Class 12 General

Jain Ltd. Invited applications for issuing 1,12,000 equity shares

76 :- Jain Ltd. Invited applications for issuing 1,12,000 equity shares of Rs 10 each at par. The Amount per share was payable as follows:On Application - Rs 1On Allotment…
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Posted inAccountancy Class 12 General

Record the Journal entries for forfeiture and reissue of shares

75 :- Record the Journal entries for forfeiture and reissue of shares in the following cases:(i) Basak Ltd. Forfeited 20 shares of Rs 10 each, Rs 7 called-up on which…
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Show the forfeiture and reissue entries under each

73 :- Show the forfeiture and reissue entries under each of the following cases :-(i) KBC Ltd. Forfeited 300 shares of Rs 10 each, Rs 8 called-up held by Amit…
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