ts grewal solutions Archives - Page 2 of 8

Question 1 to 4 (Issue of Debentures at par for Cash)

1 :- Kiosk Ltd. issued 40,000; 10% Debentures of Rs 100 each at par for cash payable in full along with the application. Applications were received for 60,000 debentures. Debentures were…

Accountancy Class 12 General

Question 109 to 113 (When all the forfeited Shares are not Reissued)

109 :- Nitro Paints Ltd invited applications for issuing 1,60,000 equity shares of Rs 10 each at a premium of Rs 3 per share. The amount was payable as follows:On…

Accountancy Class 12 General

Question 105 to 108 (Forfeiture and Reissue of Shares which were allotted on Pro rata)

105 :- XYZ Ltd. is registered with an authorised capital of Rs 2,00,000 divided into 2,000 shares of Rs 100 each of which, 1,000 shares were offered for public subscription…

Accountancy Class 12 General

Question 100 to 104 (Forfeiture and Reissue of Shares which were allotted on Pro rata)

100 :- Arvind Ltd. issued 20,000 shares of Rs 10 each at a premium of Rs 2 per share payable as:On Application Rs 6On Allotment Rs 3 (including premium)On First…

Accountancy Class 12 General

Question 98 to 99 (Determination of Amount Realised from Reissue of Shares)

98 :- Ratan Ltd. ‘forfeited 1,000 shares of Rs 10 each for non-payment of first and final call of Rs 2 per share. These shares were reissued and gain on reissue transferred…

Accountancy Class 12 General

Question 28 to 33 (Undersubscription)

28 :- A-one Product Ltd. is registered with authorised capital of Rs 10,00,000 divided into 50,000 equity shares of Rs 20 each. It issued 25,000 Equity Shares for subscription at…

Accountancy Class 12 General

Question 92 to 97 (Forfeiture and Reissue of Shares in Different Cases)

92 :- Pass necessary Journal entries for forfeiture and reissue of shares in the following cases:(i) Neon Ltd. forfeited 2,000 shares of Rs 10 each issued at a premium of…

Accountancy Class 12 General

Question 88 to 91 (Forfeiture and Issue of Shares which were Issued at Premium)

88 :- CV Ltd. forfeited 200 shares of Rs 10 each issued at a premium of Rs 2 per share for the non-payment of allotment money of Rs 3 per share (including premium).…

Accountancy Class 12 General

Question 83 to 87 (Forfeiture and Issue of Shares which were Issued at Premium)

83 :- A share of Rs 100 issued at a premium of Rs 10 on which Rs 80 (including premium) was called and Rs 60 (including premium) was paid, has…

Accountancy Class 12 General

Question 73 to 77 (Forfeiture and Reissue of Shares which were Issued at Par)

73 :- Show the forfeiture and reissue entries under each of the following cases :-(i) KBC Ltd. Forfeited 300 shares of Rs 10 each, Rs 8 called-up held by Amit…