2,000 Equity Shares of Rs. 10 each were issued to Limited from whom assets of Rs. 25,000 were acquired. Pass Journal entry. Post category:Accountancy Reading time:1 mins read Solution Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostX Ltd. was formed with a capital of 10,00,000 divided into shares of 100 each. It offered 90% shares to public for subscription. The amount per share was payable as 40% on application, 20% on allotment and the balance on first and final call. The applicants paid 3,60,000 on application and 1,69,000 on allotment. The call has not yet been made. Calculate:(a) Authorised Capital, (b) Issued Capital, (c) Subscribed Capital, (d) Called-up Capital, (e) Paid-up Capital and (f) Calls-in-Arrears. Next PostAmrit Dhara Ltd.’ issued 800 Equity Shares of Rs. 100 each at a premium of 25% as fully paid-up in consideration of the purchase of plant and machinery of Rs. 1,00,000. Pass entries in company’s Journal. You Might Also Like A, B, C and D were partners in a firm sharing profits in the ratio of 4: 3: 2: 1. On 1st January, 2015, they admitted E as a new partner for 1 / 10 share in the profits. E brought Rs. 10,000 for his share of goodwill premium which was correctly recorded in the books by the accountant. The accountant showed goodwill at Rs. 1,00,000 in the books. Was the accountant correct in doing so? Give reason in support of your answer. (Delhi 2015) October 8, 2022 What do you mean by Non-Cumulative Preference Shares? September 28, 2022 State the order of payment of the following, in case of dissolution of partnership firm: (i) to each partner proportionately what is due to him / her from the firm for advances as distinguished from capital (i.e., partner’s loan); (ii) to each partner proportionately what is due to him on account of capital; and (iii) for the debts of the firm to the third parties. (CBSE Sample Paper 2019) October 8, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A, B, C and D were partners in a firm sharing profits in the ratio of 4: 3: 2: 1. On 1st January, 2015, they admitted E as a new partner for 1 / 10 share in the profits. E brought Rs. 10,000 for his share of goodwill premium which was correctly recorded in the books by the accountant. The accountant showed goodwill at Rs. 1,00,000 in the books. Was the accountant correct in doing so? Give reason in support of your answer. (Delhi 2015) October 8, 2022
State the order of payment of the following, in case of dissolution of partnership firm: (i) to each partner proportionately what is due to him / her from the firm for advances as distinguished from capital (i.e., partner’s loan); (ii) to each partner proportionately what is due to him on account of capital; and (iii) for the debts of the firm to the third parties. (CBSE Sample Paper 2019) October 8, 2022
