Moneyplus company issued 2,50,000 Equity Shares of Rs. 10 each to public. All amounts have been received in lump sum. Pass necessary Journal entries in the books of the company. 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 PostStar Ltd. is registered with capital of Rs. 50,00,000 divided into 50,000 equity shares of Rs. 100 each, The Company issued 25,000 equity shares for subscription. Subscription was received for 23,750 shares and all the due amount was duly received, except the first and final call of Rs. 20 per share on 600 shares. Show the ‘Share Capital’ in the Balance Sheet of the company Next PostThe authorised capital of Rs. 16,00,000 of Bharat Ltd. It is divide into 1,60,000 Equity Shares of Rs. 10 each. Out of these shares, 80,000 Equity Shares were issued at par to public for subscription. The full nominal value is payable on application. All the shares were subscribed by the public and total amount was paid for. Pass necessary journal entries in the books of the company. You Might Also Like How are various activities classified as per AS-3 (Revised) while preparing Cash Flow’ Statement? October 4, 2022 Give any two objectives of Cash Flow Statements. (C.B.S.E. Sample Paper, 2019) October 4, 2022 Atul and Mithun are partners sharing profit in ratio 3:2, Balances as on 1st April 2021 were as follows: Capital account (fixed) – Atul – 7500000 and Mithun – 2600000, Loan accounts – Atul – 300000(Cr) and Mithun – 200000(Dr). It was agreed to allow and charge interest @ 8% per annum. Partnership deed provided to allow interest on capital @ 10% per annum interest on drawing was changed 75000 each. Profit before giving effect to above was Rs. 2,28,000 for year ended 31st March 2022. Prepare profit and loss appropriation account. July 20, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
How are various activities classified as per AS-3 (Revised) while preparing Cash Flow’ Statement? October 4, 2022
Atul and Mithun are partners sharing profit in ratio 3:2, Balances as on 1st April 2021 were as follows: Capital account (fixed) – Atul – 7500000 and Mithun – 2600000, Loan accounts – Atul – 300000(Cr) and Mithun – 200000(Dr). It was agreed to allow and charge interest @ 8% per annum. Partnership deed provided to allow interest on capital @ 10% per annum interest on drawing was changed 75000 each. Profit before giving effect to above was Rs. 2,28,000 for year ended 31st March 2022. Prepare profit and loss appropriation account. July 20, 2022