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Questions and Answers
What is the authorized capital of A Ltd?
What is the authorized capital of A Ltd?
- ₹ 5,00,000
- ₹ 20,00,000
- ₹ 10,00,000 (correct)
- ₹ 15,00,000
What is the face value of each share of A Ltd?
What is the face value of each share of A Ltd?
- ₹ 5
- ₹ 20
- ₹ 15
- ₹ 10 (correct)
What is the amount payable on application per share?
What is the amount payable on application per share?
- ₹ 8
- ₹ 2
- ₹ 5
- ₹ 3 (correct)
What is the amount payable on allotment per share?
What is the amount payable on allotment per share?
What is the total amount received from Hari?
What is the total amount received from Hari?
What is the amount at which half of Hari's forfeited shares were reissued?
What is the amount at which half of Hari's forfeited shares were reissued?
What is the total amount received on share allotment account?
What is the total amount received on share allotment account?
What is the amount received from Hari's reissued shares?
What is the amount received from Hari's reissued shares?
Which account should be debited for the discount allowed on reissue of forfeited shares?
Which account should be debited for the discount allowed on reissue of forfeited shares?
Where should the balance left in the share forfeited account relating to reissued shares be transferred to?
Where should the balance left in the share forfeited account relating to reissued shares be transferred to?
Electrical Ltd. issued 10000, 6% debentures of 100 each at a premium of 10. What is the total amount received?
Electrical Ltd. issued 10000, 6% debentures of 100 each at a premium of 10. What is the total amount received?
What is the journal entry for the issue of debentures in Electrical Ltd?
What is the journal entry for the issue of debentures in Electrical Ltd?
