Posted inAccountancy Class 12 General
Alfa Ltd. Forfeited 900 Equity Shares of Rs 100 each
64 :- Alfa Ltd. Forfeited 900 Equity Shares of Rs 100 each for the non-payment of allotment money of Rs 30 per share and the first call of Rs 20…
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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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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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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…
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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…
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Santoor Ltd. Purchased running business from Sanchar Ltd.
48 :- Santoor Ltd. Purchased running business from Sanchar Ltd. For Rs 15,00,000 payable 10% by cheque and the balance by the issue of fully paid Equity Shares of Rs…
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2,000 Equity shares of Rs 10 each were issued to Moon Limited
38 :- 2,000 Equity shares of Rs 10 each were issued to Moon Limited from whom assets of Rs 25,000 were acquired. Pass Journal entry. Solution :- Back to Previous…
Posted inAccountancy Class 12 General
Sangam Marbles Ltd. invited applications for 20,000 Equity Shares
21 :- Sangam Marbles Ltd. invited applications for 20,000 Equity Shares of Rs 100 each issued at par payable on application. The issue was oversubscribed by 5,000 shares and allotment…
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Bright Ltd. issued 80,000 Equity Shares of Rs 10 each
19 :- Bright Ltd. issued 80,000 Equity Shares of Rs 10 each against which it received applications for 1,20,000 Shares. Application money was Rs 4. Allotment Money and First and…