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