journal entry Archives - Touch4Career

Suzlon Ltd. issued on 1st July, 2024, 20,000, 7% Debentures

46 :- Suzlon Ltd. issued on 1st July, 2024, 20,000, 7% Debentures of ₹ 100 each for subscription at 10% premium payable ₹ 40 on application; ₹ 40 (including premium)…

Accountancy Class 12 General

Amrit Ltd. issued 1,000, 6% Debentures of Rs 100 each

17 :- Amrit Ltd. issued 1,000, 6% Debentures of Rs 100 each to Amit and Bhaskar (Promoters) each for their services in incorporating the company. Pass Journal entry. Solution :-…

Accountancy Class 12 General

Park Hospitality Ltd. Incorporated with authorised capital

80 :- Park Hospitality Ltd. Incorporated with authorised capital of Rs 15,00,000, Rs 1,50,000 equity shares of Rs 10 each, issued 1,00,000 equity shares for subscription payable Rs 4 on…

Accountancy Class 12 General

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…

Accountancy Class 12 General

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…

Accountancy Class 12 General

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…

Accountancy Change in Profit Sharing Ratio Class 12

Om and Shiv are partners in a firm sharing profits

13 :- Om and Shiv are partners in a firm sharing profits in the ratio of 4 : 1. They decided to share future profits in the ratio of 3…

Accountancy Change in Profit Sharing Ratio Class 12

Nitya and Anand are partners in a firm

12 :- Nitya and Anand are partners in a firm sharing profits and losses equally. With effect from 1st April 2025, they decided to share future profits in the ratio…

Accountancy Change in Profit Sharing Ratio Class 12

X, Y and Z are partners sharing profits equally

7 :- X, Y and Z are partners sharing profits equally. They decided that in future Z will get 1/5th share in profits. On the day of change, Firm’s goodwill is…