Issue Of Shares Problems And Solutions Pdf

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issue of shares problems and solutions pdf

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Issue of shares practical problems and solutions

A Ltd. X for non-payment of Final Call Rs. However, he paid Application money Rs. These shares were originally issued at par, Given Journal entries for forfeiture. X Ltd forfeited equity shares of Rs. Applications money Rs.

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Get printable school Assignments for Class 12 Accountancy. Standard 12 students should practise questions and answers given here for Accountancy in Grade 12 which will help them to strengthen their understanding of all important topics. Chapter wise assignments are being given by teachers to students to make them understand the chapter concepts. Its extremely critical for all CBSE students to practice all assignments which will help them in gaining better marks in examinations. All assignments available for free download on the website are developed by the best teachers having many years of teaching experience in CBSE schools all over the country. Students, teachers and parents are advised to download the CBSE study material.

Accounting Problems on Shares and Debentures

All questions and answers from the B. All B. The amount of capital stated in the memorandum of association at the time of incorporation is referred to as authorised capital. It is the maximum amount of capital that can be issued to the shareholders of a company. It is also known as the registered capital or the nominal capital of the company. The part of authorised capital of a company that is issued to the public in the form of shares is known as issued capital.

Issue of shares.

Terms of Issue of Shares i Issue of shares at par When shares are issued at their face value, the shares are said to have been issued at par. Accounting Treatment for Issue of Shares for Cash. Full Subscription of Shares When the number of shares applied for, is equal to the number of shares offered for subscription, the shares are said to be fully subscribed.

All the shares are subscribed and the amount duly received. Pass the journal entries. All money was dully received.

Once the application money is received, directors can immediately proceed for allotment of shares. Joint-stock company form of the business organisation came into existence after industrial revolution. Calculate the amount of share forfeiture. Calculate the total amount of share premium. Applications of shares were rejected and pro-rata allotment was made.

CBSE Class 12 Accountancy Issue of Shares Assignment