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…
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Question 54 to 57 (Forfeiture of Shares which were Issued at Premium)
54 :- Ratan Ltd.forfeited 3,000 shares of Rs 10 each (issued at Rs 2 premium) for non-payment of first call or Rs 2 per share. Final call of Rs 3…
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Vani Limited invited applications for issuing 1,00,000 equity shares
57 : Vani Limited invited applications for issuing 1,00,000 equity shares of Rs 10 each at a premium of 10%. The amounts were payable as under:On Application and Allotment :…
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Ankit Ltd.issued 20,000 equity shares of Rs 10 each
56 :- Ankit Ltd.issued 20,000 equity shares of Rs 10 each at a premium of Rs 2 per share, payable as :On Application : Rs 3On Allotment : Rs 5…
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Ajanta Ltd. Issued a prospectus inviting applications for issuing
55 :- Ajanta Ltd. Issued a prospectus inviting applications for issuing 5,00,000 equity shares of Rs 10 each issued at a premium of 10%. The amount was payable as follows…
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Ratan Ltd.forfeited 3,000 shares of Rs 10 each
54 :- Ratan Ltd.forfeited 3,000 shares of Rs 10 each (issued at Rs 2 premium) for non-payment of first call or Rs 2 per share. Final call of Rs 3…
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Question 50 to 53 (Forfeiture of Shares which were Issued at Par)
50 :- Vikram Ltd. Forfeited 5,000 shares of Rahul, who had applied for 6,000 shares for non-payment of allotment money of Rs 5 per share and first and final call…
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Chand Ltd. Invited applications for issuing 1,00,000 equity shares
53 : Chand Ltd. Invited applications for issuing 1,00,000 equity shares of Rs 10 each at a premium of Rs 2 per share. The amount per share was payable as…
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Alpha Ltd. issued 20,000 Equity Shares of Rs 10 each
52 :- Alpha Ltd. issued 20,000 Equity Shares of Rs 10 each at par payable. On application Rs 2 per share; on allotment Rs 3 per share; on first call…