Posted inAccountancy Class 12 General
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…
Posted inAccountancy Class 12 General
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…
Posted inAccountancy Class 12 General
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…
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Sangita Limited invited applications for issuing 60,000 shares
51 :- Sangita Limited invited applications for issuing 60,000 shares of Rs 10 each at par. The amount was payable as follows: on application Rs 2 per share; on allotment…
Posted inAccountancy Class 12 General
Vikram Ltd. Forfeited 5,000 shares of Rahul, who had applied
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…
Posted inAccountancy Class 12 General
Question 42 to 45 (Issue of Shares for Consideration other than Cash)
42 :- Rajan Ltd. purchased assets from Geeta & Co. for Rs 5,00,000. A sum of Rs 1,00,000 was paid by means of a bank draft and for the balance…
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Mangla Cortubi Ltd. Took over a unit of Mangla Tubes Ltd.
45 :- Mangla Cortubi Ltd. Took over a unit of Mangla Tubes Ltd. consisting of Machinery - Rs 40,00,000. Tools and Dies - Rs 10,00,000 and Liabilities of Rs 25,00,000…
Posted inAccountancy Class 12 General
Sona Ltd. purchased machinery costing Rs 17,00,000
43 :- Sona Ltd. purchased machinery costing Rs 17,00,000 from Mona Ltd. Sona Ltd. paid 20% of the amount by cheque and for the balance amount issued Equity Shares of…
Posted inAccountancy Class 12 General
Rajan Ltd. purchased assets from Geeta & Co. for Rs 5,00,000
42 :- Rajan Ltd. purchased assets from Geeta & Co. for Rs 5,00,000. A sum of Rs 1,00,000 was paid by means of a bank draft and for the balance…