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प्रश्न
Give the performa of a Bill of Exchange
उत्तर
Performa of a Bill of exchange is given below.
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संबंधित प्रश्न
Short Answer Question
What is meant by Calls-in-Advance?
Short Answer Question
Write a brief note on ‘Minimum Subscription’.
Long Answer Question
Describe the provision of law relating to ‘Calls-in-Arrears’ and ‘Calls-in-Advance’
Long Answer Question
Describe the purposes for which a company can use ‘Securities Premium Account’
Alpha Ltd. issued 20,000 Equity Shares of ₹ 10 each at par payable: On application ₹ 2 per share; on allotment ₹ 3 per share; on first call ₹ 3 per share; on second and final call ₹ 2 per share.
Mr. Gupta was allotted 100 shares. Pass necessary Journal entry relating to the forfeiture of shares in each of the following alternative cases:
| Case I | If Mr. Gupta failed to pay the allotment money and his shares were immediately forfeited. |
| Case II | If Mr. Gupta failed to pay allotment money and on his subsequent failure to pay the first call, his shares were forfeited. |
| Case III | If Mr. Gupta failed to pay the first call and on his subsequent failure to pay the second and final call, his shares were forfeited |
XYZ Ltd . is registered with an authorised capital of ₹ 2,00,000 divided into 2,000 shares of ₹ 100 each of which , 1,000 shares were offered for public subscription at a premium of ₹ 5 per share , payable as:
| On application | --- | ₹ 10 per share, |
| On allotment | --- | ₹ 25 per share (including premium), |
| On first call | --- | ₹ 40 per share |
| On final call | --- | ₹ 30 per share |
Applications were received for 1,800 shares, of which applications for 300 shares were rejected outright; the rest of the application were allotted 1,000 shares on pro rata basis. Excess application money was transferred to allotment.
All the money was duly received except from Sundar , holder of 100 shares, who failed to pay allotment and first call money. His shares were later forfeited and reissued to Shyam at ₹ 60 per share ₹ 70 paid-up. Final call has not been made.
Pass necessary Journal entries and prepare Cash Book in the books of XYZ Limited.
Give the meaning of 'Calls-in-Advance'.
Answer in One Sentence only:
Where is the profit or loss on sale of asset is transferred?
State whether the following statement is True or False with reasons:
Balance of depreciation account is transferred to Profit & Loss A/c.
What should be deducted from subscribed share capital while preparing notes to account in the balance sheet.
When the entire face value of a share is called by the company and is also paid by the shareholder, It is known as ______.
Which account is debited When shares are issued to the promoters?
What will be the journal entry for the money received on application for shares?
In case of "over subscription" the director of the company has the power to deal the situation in which of the following manner?
What the director can do in the case of pro-rata allotment for the excess amount received is more than the amount due on allotment of shares?
Subscription of shares should not be less than ______% of the issued shares.
Share Allotment Account is a/an ______.
Y Ltd. invited applications for 10,000 shares of ₹10 each. Applications were received for 9,000 shares. Identify the kind of subscription.
When a company issues shares at a premium, amount of premium may be received by the company ______.
Based on below information you are required to answer the following question:
Sangita Limited invited applications for issuing 60,000 shares of ₹ 10 each at par. The amount was payable as follows:
On Application ₹ 2 per share
On Allotment ₹ 3 per share
On First and Final Call ₹ 5 per share
Applications were received for 92,000 shares. Allotment was made on the following basis:
- To applicants for 40,000 shares - Full
- To applicants for 50,000 shares - 40%
- To applicants for 2,000 shares - Nil
₹ 1,08,000 was realised on account of allotment (excluding the amount carried from application money) and ₹ 2,50,000 on account of call.
The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.
How many shares will be issued for the applicants on 50,000 shares?
