Category: Class 12 Part – II Usha Publication 2024

Question 15 Chapter 8 of Class 12 Part – 2 – 2024 15. (Call in arrears/Payment of call with interest) Satyam Computers issued 80,000 shares of Rs. 10 each, payable as follows:On application Rs. 2On allotment Rs. 3On first call Read More …

Question 14 Chapter 8 of Class 12 Part – 2 – 2024 14. (Call in Arrears) Gujrat Steels Ltd., invited applications for 60,000 equity shares of Rs. 10 each. Amount being payable Rs. 3 on application : Rs. 4 on Read More …

Question 13 Chapter 8 of Class 12 Part – 2 – 2024 13. (Issue Share at Par/Premium) X Y Z Co. Ltd. issued 1,00,000 equity shares of 10 at a premium of 2 per share and 10,000 10 % preference Read More …

Question 12 Chapter 8 of Class 12 Part – 2 – 2024 12. (Premium in Application/Allotment) X Ltd. issued 10,000 shares of 10 each at a premium of Rs. 2 per share, payable as Rs. 2 per share on the Read More …

Question 11 Chapter 8 of Class 12 Part – 2 – 2024 11. (Oversubscription) Punjab Spinning Mill offered 70,000 shares of 100 each at a premium of 20 per share to public payable as follows:Rs. 35 on applicationRs. 65 on Read More …

Question 10 Chapter 8 of Class 12 Part – 2 – 2024 10. (Issue at Premium/Call in Arrears) Amritsar Fan Company issued 25,000 shares of Rs. 10 each at 20% premium Applications for 20,000 shares were received.Amount was payable as Read More …

Question 9 Chapter 8 of Class 12 Part – 2 – 2024 9. (Under subscription) A limited company issued 10,000 shares of 100 each payable asunder:Rs. 20 on applicationRs. 30 on allotmentRs. 50 on final call.The public applied for 9,000 Read More …

Question 8 Chapter 8 of Class 12 Part – 2 – 2024 8. (Journal Entries/Cash Book) Star Company issued 80,000 12% preference shares of Rs. 100 each payable Rs. 40 on application; Rs. 20 on allotment and Rs. 40 on Read More …

Question 7 Chapter 8 of Class 12 Part – 2 – 2024 7. (Both Classes of Shares/Cash Book) Y Ltd. was formed with an authorised capital of Rs. 40,00,000 divided into 3,00,000 equity shares of Rs. 10 each and 10,000 Read More …

Question 6 Chapter 8 of Class 12 Part – 2 – 2024 6. (Fully Subscribed/Journal Entries) Sky Rockets Ltd. make an issue of 10,000 equity shares of Rs. 100 each, payable Rs. 20 on application, Rs. 40 on allotment and Read More …