Question 40 Chapter 8 of Class 12 Part – 2 – 2024 29. (a) (Forfeiture of Shares) Amritsar Textiles forfeited 250 shares of Rs. 100 each issued at premium of Rs. 25. Amount payable Rs. 30 on application: Rs. 55 Read More …
Category: Chapter No. 8 – Company Accounts (Share Capital)
Question 39 Chapter 8 of Class 12 Part – 2 – 2024
Question 39 Chapter 8 of Class 12 Part – 2 – 2024 28.(Forfeiture of Shares) Rajan was allotted 150 shares of Rs. 100 each by Duplex Company. He could not pay first call of Rs. 25 and final call of Read More …
Question 38 Chapter 8 of Class 12 Part – 2 – 2024
Question 38 Chapter 8 of Class 12 Part – 2 – 2024 27. (Forfeiture of Shares) A company issued shares of Rs. 10 each. Amount being payable Rs. 3on application: Rs. 2 on allotment; Rs. 4 on first call and Read More …
Question 37 Chapter 8 of Class 12 Part – 2 – 2024
Question 37 Chapter 8 of Class 12 Part – 2 – 2024 26. (Forfeiture of Shares) P Ltd issued 2,000 shares of 100 each payable as follows:On application Rs. 30On allotment Rs. 40On first call Rs. 20On final call Rs. Read More …
Question 31 Chapter 8 of Class 12 Part – 2 – 2024
Question 31 Chapter 8 of Class 12 Part – 2 – 2024 25. (Shares Issued for Consideration other than Cash) Gurjap Ltd. purchased plant from Santosh for Rs. 3,78,000 payable in fully paid shares of Rs. 10 each pass journal Read More …
Question 28 Chapter 8 of Class 12 Part – 2 – 2024
Question 28 Chapter 8 of Class 12 Part – 2 – 2024 28. (Prorata Allotment/Refund) A company invited applications for 50,000 shares of 10 each on the following terms :On application RS. 3On allotment Rs. 2On first and final call Read More …
Question 27 Chapter 8 of Class 12 Part – 2 – 2024
Question 27 Chapter 8 of Class 12 Part – 2 – 2024 23. (Oversubscription/ Prorata Allotment) Voltas Ltd. has issued prospectus inviting applications for 43,000 shares of Rs. 20 each payable Rs. 8 on application : Rs. 7 on allotment Read More …
Question 26 Chapter 8 of Class 12 Part – 2 – 2024
Question 26 Chapter 8 of Class 12 Part – 2 – 2024 26. (Oversubscription/ Prorata Allotment) Pilot Lad issued 10,000 equity shares of Rs. 10each , payable Rs. 2 on application, Rs. 3 on allotment and balance on first and Read More …
Question 25 Chapter 8 of Class 12 Part – 2 – 2024
Question 25 Chapter 8 of Class 12 Part – 2 – 2024 21. (Oversubscription/Prorata Allotment) Jaideep applied for 10,000 shares of Rs. 10 each in Simran Company. The amount being payable Rs. 2 on application Rs. 4 on allotment, Rs. Read More …
Question 24 Chapter 8 of Class 12 Part – 2 – 2024
Question 24 Chapter 8 of Class 12 Part – 2 – 2024 20. (Oversubscription) Alkins company issued prospectus inviting applications for 22,000 shares of Rs. 100 Applications were received for 25,000 shares. Amount is payable: Rs. 25 on application ; Read More …