Issue of Shares Archives - Page 7 of 14

Question 73 to 77 (Forfeiture and Reissue of Shares which were Issued at Par)

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…

Accountancy Class 12 General

The Directors of Devendra Ltd. Resolved on 1st January, 2010

72 :- Give necessary Journal entries :-(i) The Directors of Devendra Ltd. Resolved on 1st January, 2010 that 100 Equity Shares of Rs 10 each, Rs 8 paid-up be forfeited…

Accountancy Class 12 General

Star Ltd. Forfeited 500 Equity Shares of Rs 100 each

71 :- Star Ltd. Forfeited 500 Equity Shares of Rs 100 each for non-payment of first call of Rs 30 per share. The final call of Rs 10 per share…

Accountancy Class 12 General

The Hindustan Manufacturing Ltd. Had a total subscribed capital

70 :- The Hindustan Manufacturing Ltd. Had a total subscribed capital of Rs 10,00,000 in Equity Shares of Rs 10 each of which Rs 7.50 were called-up. A final call…

Accountancy Class 12 General

R.P. Ltd. Forfeited 1,500 shares of Rahim of Rs 10 each

69 :- R.P. Ltd. Forfeited 1,500 shares of Rahim of Rs 10 each issued at a premium of Rs 3 per share for non-payment of allotment and first call money.…

Accountancy Class 12 General

Sunshine Industries Ltd. Issued 20,000 shares of Rs 100 each

68 :- Sunshine Industries Ltd. Issued 20,000 shares of Rs 100 each payable Rs 25 per share on application, Rs 25 per share on allotment and the balance in two…

Accountancy Class 12 General

Question 68 to 72 (Forfeiture and Reissue of Shares which were Issued at Par)

68 :- Sunshine Industries Ltd. Issued 20,000 shares of Rs 100 each payable Rs 25 per share on application, Rs 25 per share on allotment and the balance in two…

Accountancy Class 12 General

The Directors of Maharana Ltd. resolved on 1st May, 2023

67 :- The Directors of Maharana Ltd. resolved on 1st May, 2023 that 2,000 Equity Shares of Rs 10 each, Rs 7.50 paid be forfeited for non-payment of final call of…

Accountancy 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,…

Accountancy Class 12 General

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…