State two essential features of a company. Post category:Accountancy Reading time:1 mins read SOLUTION (i) It is an artificial person created by law; (ii) It has a separate legal entity. 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 PostName an item which is transferred to credit side of Realisation Account at the time of dissolution of partnership firm, but does not involve cash payment. (C.B S.E. 2020, Mumbai Chennai) Next PostState two essential features of a Private Company. You Might Also Like Show the forfeiture and reissue entries under each of the following cases:(i) X Ltd. forfeited 300 shares of Rs. 10 each, Rs. 8 called-up held by Mr. A for non-payment of second call money of Rs. 3 per share. These shares were reissued to Mr. Z for Rs. 10 per share as fully paid-up.(ii) Y Ltd. forfeited 400 shares of Rs. 10 each, fully called-up, held by Mr. B for non-payment of final call money of Rs. 4 per share. These shares were reissued to Mr. T at Rs. 12 per share as fully paid-up.(iii) LightLtd. forfeited 250 shares of Rs. 10 each, fully called-up held by Mr. C for non-payment of allotment money of Rs. 3 per share and first and final call money of Rs. 4 per share. These shares were reissued @ Rs. 8 per share as fully paid-up to Mr. P. July 14, 2022 Why is Gaining Ratio calculated? September 27, 2022 ‘Sale of goods Rs. 23,000 for cash will not affect the operating ratio.’ Is the statement correct? Give reason. (C.B.S.E. 2020. Rajasthan) October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Show the forfeiture and reissue entries under each of the following cases:(i) X Ltd. forfeited 300 shares of Rs. 10 each, Rs. 8 called-up held by Mr. A for non-payment of second call money of Rs. 3 per share. These shares were reissued to Mr. Z for Rs. 10 per share as fully paid-up.(ii) Y Ltd. forfeited 400 shares of Rs. 10 each, fully called-up, held by Mr. B for non-payment of final call money of Rs. 4 per share. These shares were reissued to Mr. T at Rs. 12 per share as fully paid-up.(iii) LightLtd. forfeited 250 shares of Rs. 10 each, fully called-up held by Mr. C for non-payment of allotment money of Rs. 3 per share and first and final call money of Rs. 4 per share. These shares were reissued @ Rs. 8 per share as fully paid-up to Mr. P. July 14, 2022
‘Sale of goods Rs. 23,000 for cash will not affect the operating ratio.’ Is the statement correct? Give reason. (C.B.S.E. 2020. Rajasthan) October 3, 2022