Category: Chapter No. 8 – Company Accounts (Share Capital)

Question 50 Chapter 8 of Class 12 Part – 2 – 2024 50. (Prorata Allotment/Forfeiture/Reissue) Indian Oil Company issued 20,000 shares of RS. 10 each payable Rs. 2 on application; Rs. 4 on allotment and balance in two equal calls. Read More …

Question 49 Chapter 8 of Class 12 Part – 2 – 2024 49. (Forfeiture/Reissue) Prince Industries Ltd. has an authorised capital of Rs. 50,00,000 divided into 5,00,000 equity shares of Rs. 10 each. It invited applications for 1,00,000 shares of Read More …

Question 48 Chapter 8 of Class 12 Part – 2 – 2024 48. (Forfeiture/Reissue at Discount) C. Ltd. invited applications for 20,000 Equity shares Rs. 10 each payable as under: On application Rs. 2 per share, on Allotment Rs. 2 Read More …

Question 47 Chapter 8 of Class 12 Part – 2 – 2024 47. (Issue at Premium/Forfeiture/Reissue) Phillips Company forfeited 3,000 shares of Rs. 100 each issued at 10% premium. The holder of these shares has paid application and allotment money Read More …

Question 46 Chapter 8 of Class 12 Part – 2 – 2024 46. (Issue at Premium/Forfeiture/Reissue) Anchor Company forfeited 800 shares of Rs. 10 each, which were issued at 20% premium. Allotment money of Rs. 5 (including premium) and final Read More …

Question 45 Chapter 8 of Class 12 Part – 2 – 2024 45. Journalise the following transactions in the books of Poonam Ltd. :(i) (Issue at Premium/Forfeiture/Reissue at Premium) 50 shares of Rs. 10 each issued at a premium of Read More …

Question 44 Chapter 8 of Class 12 Part – 2 – 2024 44. (Issue for Consideration other than Cash/Issue for Cash/Forfeiture/Reissue)Reliance industries Ltd. was registered with a nominal capital of Rs. 5,00,000 in the shares of Rs. 10 each. It Read More …

Question 43 Chapter 8 of Class 12 Part – 2 – 2024 43. (Oversubscription/Prorata Allotment/Forfeiture/Reissue) KK Ltd., issued 6,000 shares of Rs. 100 each at par. Applications for 8,000 shares were received. Amount is payable RS. 30 on application ; Read More …

Question 42 Chapter 8 of Class 12 Part – 2 – 2024 42. (Forfeiture Entries) A company had allotted 2,000 shares to Maninder. The face value of shares is Rs. 100 and the premium is 20%. Application money is Rs. Read More …

Question 41 Chapter 8 of Class 12 Part – 2 – 2024 41. (Forfeiture before Final Call) Raxon Company forfeited 500 shares of Rs. 10 each issued at 10% premium. Application money Rs. 4 (including premium) has been received. Allotment Read More …