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प्रश्न
What is meant by 'Subscribed Capital'?
उत्तर
As per Section 2(86) of Companies Act, 2013, “subscribed capital” means such part of the capital which is for the time being subscribed by the members of a company. It is that part of Issued Capital that is actually subscribed by the general public.
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संबंधित प्रश्न
List the items which may be debited or credited in the capital accounts of the partners when:
(i) Capitals are fixed
(ii) Capitals are fluctuating
Anubha and Kajal are partners of a firm sharing profits and losses in the ratio of 2:1. Their capital, were Rs 90,000 and Rs 60,000. The profit during the year were Rs 45,000. According to partnership deed, both partners are allowed salary, Rs 700 per month to Anubha and Rs 500 per month to Kajal. Interest allowed on capital @ 5% p.a. The drawings at the end of the period were Rs 8,500 for Anubha and Rs 6,500 for Kajal. Interest is to be charged @ 5% p.a. on drawings. Prepare partners capital accounts, assuming that the capital account are fluctuating.
Give two circumstances under which the fixed capitals of partners may change.
What is meant by 'Issued Capital'?
Giriija, Yatin, and Zubin were partners sharing profits in the ratio 5 : 3: 2. Zubin died on 1st August 2015. Amount due to Zubin's executor after all adjustments were ₹ 90,300. The executor was paid ₹ 10,300 in cash immediately and the balance in two equal annual installments with interest @ 6% p.a. starting from 31st March 2017. Accounts are closed on 31st March each year. Prepare Zubin's Executors Account until he is finally paid.
Which of the following is true regarding Salary to a partner when the firm maintains fluctuating capital accounts?
Name the methods by which the capital accounts of partners can be maintained?
Under the fluctuating capital method, which of the following account is maintained for each partner.
Anurag and Abhishek are partners sharing profits and losses in the ratio of 3:2. Their capital accounts showed balances of Rs. 1,50,000 and Rs. 2,00,000 respectively on Jan 01, 2003. Show the treatment of interest on capital for the year ending December 31, 2019, in the following statement.
"If the partnership deed is silent as to the payment of interest on capital and the profit for the year is Rs. 50,000".
Anurag and Abhishek are partners sharing profits and losses in the ratio of 3:2. Their capital accounts showed balances of Rs. 50,000 and Rs. 2,00,000 respectively on Jan 01, 2003. Show the treatment of interest on capital for the year ending December 31, 2019, in the following statement.
"If partnership deed provides for interest on capital @8% p.a. and the firm incurred a loss of Rs. 10, 000 during the year".
What would be the journal entry for crediting the partner's salary to the partner's capital account?
What would be the journal entry for charging interest on drawings to the partner's capital accounts?
Partner's Current Accounts are opened when their Capital Accounts are:
When only Partner's Capital Account is maintained all the adjustments are made in ______.
Fluctuating capital account is credited with ______.
