Category: Class 12 Part – II Usha Publication 2024

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 …

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 …

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 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 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 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 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 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 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 …