Question 18 Chapter 10 of +2-Part-1 18. (Amount of Profits to be Charged) West Ltd. issued 2,000, 10% debentures of Rs. 100 each at par, repayable after 5 years. It was decided to establish a Sinking Fund for their redemption Read More …
Question 17 Chapter 10 of +2-Part-1 17. (Journal/Ledger) A Company issued 5,000, 9% debentures, of 10 each on 1st Jan., 2016, repayable after 3 years. It was decided to set up a sinking fund for the purpose of redeeming these Read More …
Question 16 Chapter 10 of +2-Part-1 16. (Redeemable by Drawing a lots) A listed company has on 1-4-16 Rs. 4,00,000 10% Debentures of 100 each. These are redeemable by drawing of lots at 5% premium. At the time of issue Read More …
Question 15 Chapter 10 of +2-Part-1 15. (Redemption by drawing of lots) Kalyani Publishers, a listed co., issued 7,000 12% Debentures of RS. 100 each at 5% discount on 1 April 2014, which are redeemable at par. The company has Read More …
Problem 2 Chapter 1 – Unimax From the following calculate:(i) Cost of goods sold(ii) Gross Profit Rs. Opening Stock 12,000 Purchases 1,17,000 Direct Expenses 2,200 Closing Stock 7,500 Sales 1,42,000 Return outwards 7,500 The solution of Problem 2 Chapter Read More …
Question 14 Chapter 10 of +2-Part-1 14. (Redemption in Installments) An unlisted company issued 12,000 10%. Debentures of Rs. 100 each at Rs. 98 on 1 April 2012. These are redeemable in four annual installments commencing from. 31 March, 2015. Read More …
Problem 1 Chapter 1 – Unimax From the following calculate the cost of goods sold : Rs. Opening Stock 27,000 Purchases 1,57,000 Direct Expenses 22,500 Closing Stock 24,000 The solution of Problem 1 Chapter 1 – Unimax Cost of Read More …
Question 53 Chapter 8 of +2-Part-1 53. (Prorata Allotment/Forfeiture/Reissue) XYZ Ltd. invited application for 2,00,000 equity shares of Rs. 10 each. The amount was payable as follows:On Application Rs. 3 per shareOn Allotment RS. 5 per share On First and Read More …
Question 52 Chapter 8 of +2-Part-1 52. (Prorata Allotment/Forfeiture/Reissue) Delhi Software Company issued prospectus inviting applications for 4,00,000 shares of Rs. 10 each at a premium of Rs. 2 per share payable as follows :On application Rs. 3, on allotment Read More …
Question 51 Chapter 8 of +2-Part-1 51. (Prorata Allotment/Forfeiture/Reissue) Z Ltd. invited applications for issuing 2,00,000equity shares of Rs. 25 per share. The amount was payable as follows: On Application and allotment Rs. 10 per share Balance on first and Read More …