The paid-up capital of a company is Rs.50,000. If the company has shares of face of Rs.25 in which Rs.20 is paid-up, then how many shares does it have ? What is the authorized capital of the company?
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Amrit Ltd. Was promoted by Amrit and Bhaskar with an authorised capital of ₹ 10,00,000 divided into 1,00,000 shares of ₹ 10 each. The company deci
Correct Answer - Dr . Incorporation Expenses A//C - ₹ 2,00,000; Cr 6% Debentures A/C - ₹ 2,00,000.
2 Answers 1 views
Wellbeing Ltd. Took over assets of ₹ 9,80,000 and liabilities of ₹ 40,000 of HDR Ltd. At an agreed value of ₹ 9,00,000. Wellbeing Ltd. Paid to H
Correct Answer - (i) Dr. Sundry Assets A/c by ₹ 9,80,000, Cr. Sundry Liabilities A/c by ₹ 40,000; HDR Ltd by ₹ 9,00,000 and Capital Reserve A/c by ₹ 40,000....
2 Answers 1 views
Bharat Ltd. was incorporated with a capital of Rs. 2,00,000 divided into shares of Rs. 10 each . 2,000 shares were offered for subscription and out of
Correct Answer - Subscribed Share Capital- Rs. 18,000.
2 Answers 3 views
Authorised capital of Suhani Ltd. is Rs. 45,00,000 divided into 30,000 shares of Rs. 150 each. Out of these company issued 15,000 shares of Rs. 150 ea
Correct Answer - Share Capital-Rs. 21,00,000.
2 Answers 1 views
Eastern Company Limited, having an authorised capital of Rs. 10,00,000 divided into shares of Rs. 10 each, issued 50,000 shares at a premium of Rs. 3
Correct Answer - Balance Sheet Total-Rs. 5,49,700.
2 Answers 1 views
A holds 100 shares of Rs. 10 each on which he has paid Rs. 1 per share on application . B holds 200 shares of Rs. 10 each on which he had paid Rs. 1 a
Correct Answer - Capital Reserve-Rs. 2,500.
2 Answers 1 views
Kamal Ltd. was formed on 1st April, 2010 with an authorised capital of Rs. 2,00,000, divided into 2,000 Equity Shares of Rs. 100 each. 1,000 shares we
Correct Answer - Capital Reserve-Rs. 2,000; Balance Sheet Total-Rs. 1,69,500.
2 Answers 1 views
Krishna & Co. Ltd. with an authorised capital of Rs. 2,00,000 divided into 20,000 Equity Shares of Rs. 10 each, issued the entire amount of the shares
Correct Answer - Capital Reserve-Rs. 800; Balance Sheet Total-Rs. 2,40,500.
2 Answers 1 views
Dogra Ltd. had an authorised capital of Rs. 1,00,00,000 divided into Equity Shares of Rs. 100 each. The company offered 84,000 shares to the public at
Correct Answer - Capital Reserve-Rs. 14,000; Balance of Cash Book-Rs. 96,10,000.
2 Answers 4 views
A company has 500 shares of face value Rs.50 in which Rs.30 is paid-up. The company collects Rs.12,000 as the second instalment. What is the paid-up v
Correct Answer - Rs.54
2 Answers 1 views