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प्रश्न
Goodluck Ltd purchased machinery costing ₹ 10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity Shares of ₹ 10 each at a premium of 25%.
Pass necessary Journal entries for the above transactions in the books of Goodluck Ltd.
उत्तर
Books Goodluck Ltd.
Journal
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Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
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Machinery A/c |
Dr. |
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10,00,000 |
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To Fail Deals Ltd. |
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10,00,000 |
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(Machinery purchased from Fair Deals Ltd.) |
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Fair Deals Ltd. |
Dr. |
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10,00,000 |
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To Equity Share Capital A/c |
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8,00,000 |
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To Securities Premium A/c |
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2,00,000 |
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(80,000 equity shares of Rs 10 each issued at 25% premium) |
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Working Note:
Number of Shares issued = `1000000/(10 + 2.5) = 80000 "Shares"`
APPEARS IN
संबंधित प्रश्न
Preference shares carry dividend at .......................... rate.
- Fixed
- Fluctuating
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Showing your working notes clearly pass necessary Journal Entries on conversion of 8% debentures into equity shares.
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Right shares are issued to the general public.
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Write a word or terrn or phrase which can substitute each of
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Long Answer Question
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Long Answer Question
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|
|
Equity Shares |
Preference Shares |
|
On Application |
Rs 3 per share |
Rs 3 per share |
|
On Allotment |
Rs 5 per share |
Rs 4 per share |
|
|
(including a premium) |
|
|
On First Call |
Rs 4 per share |
Rs 3 per share |
All the shares were fully subscribed, called-up and paid. Record these transactions in the journal and cash book of the company:
Discuss the process for the allotment of shares of a company in case of over subscription.
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| On Application: | ₹ 30 |
| On Allotment: | ₹ 60 and |
| On Call: | Balance Amount. |
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Show share capital of the company in the Balance Sheet of the Company.
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Pass entries in company's Journal.
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Pass necessary journal entries for the above transactions in the books of Sandesh Ltd.
Raja Ltd. invited applications for issuing 50,000 Equity Shares of ₹ 10 each . The amount was payable as follows:
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Pass necessary journal entries for the above transactions in the books of the company.
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Handling demat shares is very time consuming.
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Write any four features of equity shares.
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