Finserve Ltd.is carrying on a Mutual Fund business.It invested ₹30,00,000 in shares and ₹15,00,000 In debentures of various companies during the year. It received ₹3,00,000 as dividend and interest Find out Cash Flow from Investing Activities
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Why Ltd. pruchased an established business for ₹ 2,00,000 payable as ₹ 65,000 by chaque and the balance by issing 9% Debentures of ₹ 100 each at
Correct Answer - 1,500 Debentures of ₹ 100 each.
2 Answers 1 views
R Ltd. Purchased the assets of S Ltd. For ₹ 5,00,000. It also agreed to take over the liabilities of S Ltd. Amounted to ₹ 2,00,000 for a purchase
Correct Answer - Capital Reserve - ₹ 20,000
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
On 1st April, 2015, Mathew Ltd. Issued 10,000, 9% Debentures of ₹ 100 each at a discount of 5%, redeemable at a premium of 5%. These debentures were
Correct Answer - (i) year ended 31st March, 2016: Loss on issue of Debentues - ₹ 1,00,000 to be written off from Statement of Profit and Loss in the year...
2 Answers 24 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
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
Rs. 60,000 is invested in buying Rs. 120 shares of a company which are available at a premium of 25%. Find the number of shares bought and the annual
Correct Answer - 400; 8%
2 Answers 1 views