General Archives - Page 15 of 35

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…

Accountancy Class 12 General

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…

Accountancy Class 12 General

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…

Accountancy Class 12 General

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…

Accountancy 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…

Accountancy 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…

Accountancy Class 12 General

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…

Accountancy Class 12 General

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 :…

Accountancy Class 12 General

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…

Accountancy Class 12 General

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…