Give two examples of ‘significant non-cash transactions’. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Acquisition of fixed asset by issue of debentures or shares.(ii) Conversion of debentures into shares. 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 PostState why non-cash transactions are ignored while preparing a Cash Flow Statement? Next PostWhen is dividend received considered as operating activity? You Might Also Like Blue chip Ltd. was registered on 1st January 2011 with a capital of Rs. 10,00,000 divided into 1,00,000 shares of Rs. 10 each. The company issued 42,000 shares of which 40,000 shares were taken up by the public and Rs. 1 per share was received with application. On 1st February, these shares were allotted and Rs. 2 per share was duly received on 28th February as allotment money. A first call of Rs. 3 per share was made on 1st March and the call money on all shares with the exception of 100 shares was received. The final call of Rs. 4 per share was made on 1st June and the amount due, with the exception of 400 shares, was received by 30th June. Pass necessary journal and Cash Book entries and prepare the Balance Sheet as at 30th June, 2011. July 14, 2022 What do you mean by Participating Preference Shares? September 28, 2022 How goodwill is recorded on the retirement or death of a partner? September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Blue chip Ltd. was registered on 1st January 2011 with a capital of Rs. 10,00,000 divided into 1,00,000 shares of Rs. 10 each. The company issued 42,000 shares of which 40,000 shares were taken up by the public and Rs. 1 per share was received with application. On 1st February, these shares were allotted and Rs. 2 per share was duly received on 28th February as allotment money. A first call of Rs. 3 per share was made on 1st March and the call money on all shares with the exception of 100 shares was received. The final call of Rs. 4 per share was made on 1st June and the amount due, with the exception of 400 shares, was received by 30th June. Pass necessary journal and Cash Book entries and prepare the Balance Sheet as at 30th June, 2011. July 14, 2022