ts grewal solutions Archives - Page 3 of 8

Question 68 to 72 (Forfeiture and Reissue of Shares which were Issued at Par)

68 :- Sunshine Industries Ltd. Issued 20,000 shares of Rs 100 each payable Rs 25 per share on application, Rs 25 per share on allotment and the balance in two…

Accountancy Class 12 General

Question 63 to 67 (Forfeiture and Reissue of Shares which were Issued at Par)

63 :- A company forfeited 4,000 shares of Rs 10 each fully called-up, on which application money of Rs 3 each has been paid. Out of these, 2,000 shares were…

Accountancy Class 12 General

Question 58 to 61 (Maximum Permissible Discount and Minimum Reissue Price at the time of Reissue)

58 :- Determine the maximum permissible discount and minimum reissue price that a company can allow at the time of reissue of forfeited shares in the following cases :(i) A…

Accountancy Class 12 General

Question 54 to 57 (Forfeiture of Shares which were Issued at Premium)

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…

Accountancy 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…

Accountancy Class 12 General

Question 37 to 41 (Issue of Shares for Consideration other than Cash)

37 :- Random Ltd. took over running business of Mature Ltd. comprising of Assets of Rs 45,00,000 and Liabilities of Rs 6,40,000 for a purchase consideration of Rs 36,00,000. The…

Accountancy Class 12 General

Question 34 to 36 (Calls-in-Arrears and Calls-in-Advance)

34 :- Ghosh Ltd. made the second and final call on its 50,000 Equity Shares @ Rs 2 per share on 1st January, 2016. The entire amount was received on 15th January,2016…

Accountancy Class 12 General

Question 23 to 27 (Oversubscription)

23 :- Tiny Toys Ltd. issued Rs 10,00,000 shares of Rs 100 each at a premium of Rs 20 for subscription payable as :Rs 10 per share on application;Rs 40…

Accountancy Class 12 General

Question 19 to 22 (Oversubscription)

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 Class 12 General

Question 16 to 18 (Issue of Shares for Cash at Premium)

16 :- Premio Ltd issued 50,000 Equity Shares of Rs 100 each at a premium of Rs 50 per share, payable as follows :Rs 100 per share on Application; andBalance…