Identify the purpose of utilizing the ‘Security Premium Reserve’ that would maximise the return to shareholders. Post category:Accountancy Reading time:1 mins read SOLUTION The utilisation of securities premium reserve by a company for buy-back of its own shares would maximise the return to shareholders. 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 PostDo you think that Calls in Advance is a part of Share Capital? Next PostA Ltd. forfeited 100 equity shares of Rs. 10 each issued at a premium of 20% for the non-payment of final call of Rs. 5 including premium. State the maximum amount of discount at which these shares can be re-issued. You Might Also Like Aman commenced business with a capital of Rs. 2,50,000 on 1st April, 2013. During the five years ended 31st March, 2018, the following profits and losses were made: 31st March, 2014−Loss Rs. 5,000 31st March, 2015−Profit Rs. 13,000 31st March, 2016−Profit Rs. 17,000 31st March, 2017−Profit Rs. 20,000 31st March, 2018−Profit Rs. 25,000 During this period he had drawn Rs. 40,000 for his personal use. On 1st April, 2018, he admitted Boman into partnership on the following terms: Boman to bring for his half share in the business, capital equal to A’s Capital on 31st March, 2018 and to pay for the one-half share of goodwill of the business, on the basis of three times the average profit of the last five years. Prepare the statement showing what amount Boman should invest to become a partner and pass entries to record the transactions relating to admission. August 1, 2022 Karim, Rehman and Navel are partners sharing profits and losses in the ratio of 5: 3: 2. Their Balance Sheet as at 31st March, 2022 stood as follows: October 28, 2022 Name two items which are credited to the Capital Account of a partner upon his death. September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Aman commenced business with a capital of Rs. 2,50,000 on 1st April, 2013. During the five years ended 31st March, 2018, the following profits and losses were made: 31st March, 2014−Loss Rs. 5,000 31st March, 2015−Profit Rs. 13,000 31st March, 2016−Profit Rs. 17,000 31st March, 2017−Profit Rs. 20,000 31st March, 2018−Profit Rs. 25,000 During this period he had drawn Rs. 40,000 for his personal use. On 1st April, 2018, he admitted Boman into partnership on the following terms: Boman to bring for his half share in the business, capital equal to A’s Capital on 31st March, 2018 and to pay for the one-half share of goodwill of the business, on the basis of three times the average profit of the last five years. Prepare the statement showing what amount Boman should invest to become a partner and pass entries to record the transactions relating to admission. August 1, 2022
Karim, Rehman and Navel are partners sharing profits and losses in the ratio of 5: 3: 2. Their Balance Sheet as at 31st March, 2022 stood as follows: October 28, 2022
Name two items which are credited to the Capital Account of a partner upon his death. September 27, 2022