Do you think that Calls in Advance is a part of Share Capital? Post category:Accountancy Reading time:1 mins read SOLUTION No. It is not a part of Company’s Share Capital and no dividend is payable on the amount of Calls in advance. 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 PostD Ltd. invited applications for issuing 10,00,000 equity shares of Rs. 10 each. The public applied for 8,55,000 shares. Can the company proceed for the allotment of shares? Give reason in support of your answer. (C.B.S.E. 2014. Outside Delhi). Next PostIdentify the purpose of utilizing the ‘Security Premium Reserve’ that would maximise the return to shareholders. You Might Also Like The Quick Ratio of a company is 0.8: 1. State with reason, whether the following transactions will increase, decrease or not change the Quick Ratio: (i) Purchase of loose tools for Rs. 2,000; (ii) Insurance premium paid in advance Rs. 500; (iii) Sale of goods on credit Rs. 3,000; (iv) Honored a bills payable of Rs. 5,000 on maturity. August 12, 2022 What is the minimum number of partners a firm should have? October 7, 2022 Give the meaning of ‘Cash’ for the purpose of preparing Cash Flow Statement. (C.B.S.E. 2019) October 4, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
The Quick Ratio of a company is 0.8: 1. State with reason, whether the following transactions will increase, decrease or not change the Quick Ratio: (i) Purchase of loose tools for Rs. 2,000; (ii) Insurance premium paid in advance Rs. 500; (iii) Sale of goods on credit Rs. 3,000; (iv) Honored a bills payable of Rs. 5,000 on maturity. August 12, 2022
Give the meaning of ‘Cash’ for the purpose of preparing Cash Flow Statement. (C.B.S.E. 2019) October 4, 2022