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प्रश्न
Sundram Ltd. Purchased Furniture for Rs 3,00,000 from Ravindram Ltd. Rs 1,00,000 were paid by drawing a Promissory Note in favour of Ravindram Ltd. The balance was paid by issue of
Equity Shares of Rs 10 each at a premium of 25%.
Pass necessary Journal entries in the book of Sundram Ltd.
उत्तर
|
Books of Sundram Ltd. |
|||||
|
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
|
|
Furniture A/c To Ravindram A/c (Furniture purchased )
Ravindram A/c To Bills payable A/c (Amount paid by drawing a Promissory Note)
Ravindram Ltd. To Equity share capital A/c To Securities Premium (Issue of Equity share of Rs 10 each at a premium of 25%) |
Dr.
Dr.
Dr.
|
|
3,00,000
1,00,000
2,00,000 |
3,00,000
1,00,000
1,60,000 40,000 |
Notes
Calculation of number of Equity Shares to be issued
`"No of Equity Shares"="Purchase Consideration"/"Issue Price"`
Issue price = Face Value + Premium
= 10 + 2.5
= Rs 12.5
∴ No.of Equity Shares=`(2,00,000)/12.5xx16,000`Shares
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संबंधित प्रश्न
'Suvidha Ltd.' is registered with an authorised capital of Rs 10,00,00,000 divided into 10,00,000 equity shares of Rs 100 each. The company issued 1,00,000 shares for public subscription. A shareholder holding 100 shares, failed to pay the final call of Rs 20 per share. His shares were forfeited. The forfeited shares were re-issued at Rs 90 per share as fully paid up.
Present the 'Share Capital' in the Balance Sheet of the company as per Schedule VI Part I of the
Companies Act, 1956, Also prepare 'Notes to Accounts'.
The Quick Ratio of a company is 0.8 : 1. State with reason whether the following transactions will increase, decrease or not change the quick ratio :
(1) Purchase of loose tools Rs 2,000.
(2) Insurance premium paid in advance Rs 500.
(3) Sale of goods on credit Rs 3,000.
(4) Honoured a bills payable Rs 5,000 on maturity.
Give the meaning of 'Share Capital'.
X Ltd. redeemed 1,000 6% Debentures of Rs 100 each by converting them into equity shares of Rs 100 each. The 6% Debentures were redeemable at a premium of 5% for which the Equity shares were issued as a premium of 25%. Pass the necessary journal entries for the redemption of the above mentioned debentures in the books of X Ltd.
Shares are always issued at par.
A gift given by a legal representative as per the will is called ________.
Answer in one Sentence only :
Write the meaning of equity share capital.
Answer in one Sentence only :
What is meant by convertible preference share?
Answer in one Sentence only :
Which preference shares are called cumulative preference shares?
Give one word / Term / phrase for the following statement :
The capital which is not disclosed in the balance sheet.
Give one word / Term / phrase for the following statement :
The capital on which dividend is paid.
Select the most appropriate answer from the alternatives given below and rewrite the sentence :
Paid up, value of all shares allotted is called ______________ capital.
(Calculation of different types of Capital):
From the following details calculate authorised capital, issued, subscribed, called up and paid up share Capital and also calls in arrear and uncalled capital :
Pankaj Ltd. was formed with a capital of Rs 5,00,000 divided in to 5,000 shares of Rs 100 each. Of these 1,000 shares were issued to the vendor as fully paid in payment of purchase of machinery. 3,000 shares were offered to the public and of these 2,500 shares were applied and allotted. Rs 10 was payable on application and Rs 25 on allotment. The balance was yet to be called. All the money called up was duly received with the exception of allotment money on 300 shares
What is the authorised capital?
Assertion (A): The equity shareholders are paid dividend on the shares held by them.
Reason (R): As the equity shareholders are the owners and dividend form their earning.
