Class 12 issue of shares
WebClass 12 Accounts CBSE- Accounting for share capital CBSE Class 12 Accounts, Accounting for share capital Explore More Notes Important Questions NOTES CHAPTER 8: Accounting for Share Capital The word company is derived from Latin words ‘com’ i.e. together and panis means bread. Salient features of a company WebFor example, A company forfeits 500 shares with ₹4 paid-up and 400 shares with ₹6 paid-up. Thus, the balance of Share Forfeiture A/c will be: (500 x ₹4) + (400 x ₹6) = ₹ 4400. Now, if company issues 400 shares with ₹6 paid-up at ₹8, the amount that it will transfer to Capital Reserve will be: [ (₹6 + ₹8) – ₹10] x 400 ...
Class 12 issue of shares
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WebAug 7, 2024 · Also Read : Concept of Goodwill mcqs with Solved answers 12 cbse Issue Of Shares MCQs with Solved answer (Question 16 to20) Issue of Shares MCQs With Solved Answer. 16. TABA company issued 15,000 fully paid up equity shares of ₹ 100 each for the purchases of the following assets and liabilities from Jay Company. WebIssue of Prospectus, Receiving Applications, Allotment of Shares are three basic steps of the procedure of issuing the shares. The process of creating new shares is known as Allocation or allotment. Let us see the two …
WebIssue of Shares – Equity and Preference Shares. Issue of Shares is the process in which companies allot new shares to shareholders. Shareholders can be either individuals or corporates. The company … Web1 day ago · The CDC has issued a health advisory for doctors in the US to be on the lookout for the Marburg virus. (Credit: CNN Newsource, Getty Images) (CNN) - A rare but potentially deadly virus, similar to ...
WebExplanation: Bank A/c Dr 1,50,000 ( 10,000 x 12) To Equity share Application and Allotment A/c 1,50,000. Equity share Application and Allotment A/c Dr 1,50,000. To Equity share capital A/c 1,20,000. To Security premium Reserve A/c 30,000. When issue price is payable in one installment or lump sum, then the entry should be passed through share ... WebSolved Example on Issue of Shares at Premium. Sahni Ltd. issues 10000 equity shares of ₹100 each at 25% premium. Premium is due at the time of allotment. The amount …
WebMay 2, 2016 · •Commission paid, Discount Allowed on issue of shares or debentures 12. It refers to the amount which has not been paid up by the shareholders on allotment or calls made by the company till the last day fixed by the company for payments.
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