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 Give any two objectives of Cash Flow Statements. (C.B.S.E. Sample Paper, 2019) October 4, 2022 Pass necessary Journal entries for the issue of debentures in the following cases: (a) Rs. 40,000; 12% Debentures of Rs. 100 each issued at a premium of 5% redeemable at par. (b) Rs. 70,000; 12% Debentures of Rs. 100 each issued at a premium of 5% redeemable at Rs. 110. July 18, 2022 Gross Profit Ratio of a company is 25%. State giving reason, which of the following transactions will (a) increase or (b) decrease or (c) not alter the Gross Profit Ratio. (i) Purchases of Stock-in-Trade Rs. 50,000. (ii) Purchases Return Rs. 15,000. (iii) Cash Sale of Stock-in-Trade Rs. 40,000. (iv) Stock-in-Trade costing Rs. 20,000 withdrawn for personal use. (v) Stock-in-Trade costing Rs. 15,000 distributed as free sample. August 17, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Pass necessary Journal entries for the issue of debentures in the following cases: (a) Rs. 40,000; 12% Debentures of Rs. 100 each issued at a premium of 5% redeemable at par. (b) Rs. 70,000; 12% Debentures of Rs. 100 each issued at a premium of 5% redeemable at Rs. 110. July 18, 2022
Gross Profit Ratio of a company is 25%. State giving reason, which of the following transactions will (a) increase or (b) decrease or (c) not alter the Gross Profit Ratio. (i) Purchases of Stock-in-Trade Rs. 50,000. (ii) Purchases Return Rs. 15,000. (iii) Cash Sale of Stock-in-Trade Rs. 40,000. (iv) Stock-in-Trade costing Rs. 20,000 withdrawn for personal use. (v) Stock-in-Trade costing Rs. 15,000 distributed as free sample. August 17, 2022