Recent questions tagged accounting for share capital

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‘Tractors India Ltd.’ is registered with an authorized capital of Rs.10,00,000 divided into Rs 1,00,000 equity shares of Rs.10 each.

asked Apr 2, 2019 in Class 12 by kratos

+2 votes

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Varsha Co. Ltd. issued 10,000 Preference Shares at Rs. 100 each at a premium of Rs. 5 per share payable as follows:

asked Apr 1, 2019 in Class 12 by kratos

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Amisha Ltd. invited applications for 40,000 share of Rs. 100 each at a premium of Rs. 20 per share payable on application Rs. 40 ;

asked Apr 1, 2019 in Class 12 by kratos

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Sumit Machine Ltd issued 50,000 shares of Rs.100 each at discount of 5%. The shares were payable Rs.25 on application,

asked Apr 1, 2019 in Class 12 by kratos

+2 votes

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Nidhi Ltd. issued 2,000 Shares of 100 each. All the money was received except on 200

asked Mar 31, 2019 in Class 12 by kratos

+2 votes

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Citizen Watches Ltd. invited applications for 50,000 shares of Rs.10 each payable Rs.3 on

asked Mar 30, 2019 in Class 12 by kratos

+3 votes

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A company has been registered under the Companies Act with an authorized Share Capital of Rs.400 crore.

asked Mar 29, 2019 in Class 12 by kratos

+2 votes

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X Ltd. forfeited 100 shares of Rs. 10 each (Rs. 8 called-up) issued at a premium of Rs. 2 per share to Mr.

asked Mar 29, 2019 in Class 12 by kratos

+3 votes

1 answer

What are Sweat Equity shares?

asked Mar 26, 2019 in Class 12 by kratos

+2 votes

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A Limited Company forfeited 100 Equity Shares of the face value of Rs.10 each, Rs.6 per share called-up,

asked Mar 22, 2019 in Class 12 by kratos

+2 votes

1 answer

Jain Ltd. purchased machinery costing Rs.10,00,000 from Ayer Ltd. 50% of the payment was made by cheque and for the remaining 50%,

asked Mar 21, 2019 in Class 12 by kratos

+2 votes

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What do you mean by Private placement of shares?

asked Mar 15, 2019 in Class 12 by kratos

+1 vote

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A company issued 10,000 Equity Shares of Rs. 10 each at a premium of Rs. 3 per share payable Rs. 5

asked Mar 14, 2019 in Class 12 by kratos

+2 votes

1 answer

If vendors are issued fully paid shares of Rs. 1,00,000 in consideration of net assets of Rs. 1,20,000 the balance of Rs. 20,000 will be credited to

asked Mar 13, 2019 in Class 12 by kratos

+2 votes

1 answer

The Orient Company Limited offered for public subscription 20,000 equity shares of Rs.10 each at a premium of 10% payable at Rs.2 on application;

asked Mar 13, 2019 in Class 12 by kratos

+2 votes

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The Adersh Control Device Ltd was registered with the authorised capital of Rs.3,00,000 divided into 30,000 shares of Rs.10 each,

asked Mar 13, 2019 in Class 12 by kratos

+1 vote

1 answer

Lennova Ltd. has authorised share capital of Rs. 1,00,00,000 divided into 1,00,000 Equity Shares of Rs. 100 each.

asked Mar 11, 2019 in Class 12 by kratos

+3 votes

1 answer

Better Prospect Ltd. acquired land costing Rs. 1,00,000 and in payment allotted 1,000 Equity Shares

asked Mar 11, 2019 in Class 12 by kratos

+3 votes

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Ghosh Ltd. made the second and final call on its 50,000 Equity Shares @ Rs. 2 per share on 1st January, 2016.

asked Mar 7, 2019 in Class 12 by kratos

+3 votes

1 answer

JCV Ltd., forfeited 200 shares of Rs.10 each issued at a premium of Rs. 2 per share for the non-payment of allotment money of Rs. 3

asked Mar 7, 2019 in Class 12 by kratos

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