Journal entries Archives - Page 12 of 12

Modern Diaries Ltd. was registered with an authorised capital

15 :- Modern Diaries Ltd. was registered with an authorised capital of Rs 10,00,000 divided into 7,500 Equity Shares of Rs 100 each and 2,500 Preference Share of Rs 100…

Accountancy Class 12 General

Authorised capital of Rs 16,00,000 of Soumya Ltd.

12 :- Authorised capital of Rs 16,00,000 of Soumya Ltd. is divided into 1,60,000 Equity Shares of Rs 10 each. Out of these shares, 80,000 Equity shares were issued at…

Accountancy Class 12 General

Nidhi Ltd. Issued 2,50,000 Equity Shares of Rs 10 each

11 :- Nidhi Ltd. Issued 2,50,000 Equity Shares of Rs 10 each to public at par for subscription, amount being payable as application money. Pass necessary Journal entries in the…

Accountancy Class 12 General

Shuchi Ltd. Was registered with a capital of Rs 5,00,000 in shares

10 :- Shuchi Ltd. Was registered with a capital of Rs 5,00,000 in shares of Rs 10 each and issued 20,000 such shares at a premium of Rs 2 per…

Accountancy Change in Profit Sharing Ratio Class 12

Anu, Manu, Sonu and Rohan were partners in a firm

19 :- Anu, Manu, Sonu and Rohan were partners in a firm sharing profits and losses in the ratio of 1:2:1:2. With effect from 1st April,2023, they decided to share profits…

Accountancy Change in Profit Sharing Ratio Class 12

A and B are partners in a firm sharing profits

10 :- A and B are partners in a firm sharing profits in the ratio of 2 : 1. They decided that with effect from 1st April 2024, they would…

Accountancy Class 12 Fundamental of Partnership

Parul, Paresh and Rahul are partners in a firm

13 :- Parul, Paresh, and Rahul are partners in a firm. The firm gave a loan to Rahul on 1st February, 2025 of Rs 6,00,000. Interest was agreed to be…

Accountancy Class 12 Fundamental of Partnership

Atul, Jetha and Tarak are partners sharing profits equally

12 :- Atul, Jetha, and Tarak are partners sharing profits equally. Jetha was given a loan by the firm on 1st July, 2024 of Rs 6,00,000. Books are closed on…

Accountancy Class 12 Fundamental of Partnership

Ankit, Bhanu and Charu are partners in a firm sharing profits and losses equally with capital of Rs 2,50,000 each

11 :- Ankit, Bhanu, and Charu are partners in a firm sharing profits and losses equally with a capital of Rs 2,50,000 each. On 1st October, 2024, Ankit and Bhanu…

Accountancy Class 12 Fundamental of Partnership

Akhil, Sunil and Parvesh are partners sharing profits in the ratio of 3:2:1

8:- Akhil, Sunil, and Parvesh are partners sharing profits in the ratio of 3 : 2 : 1. Opening balance of loan by Sunil account was Rs 300,000. Interest payable…