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प्रश्न
'Sangam Woolens Ltd.', Ludhiana, are the manufacturers and exporters of woollen garments. The company decided to distribute free of cost woollen garments to 10 villages of Lahaul and Spiti District of Himachal Pradesh. The company also decided to employ 50 young persons from this village in its newly established factory. The company issued 40,000 equity shares of Rs 10 each and 1,000 9% debentures of Rs 100 each to the vendors for the purchase of machinery of Rs 5,00,000. Pass necessary Journal Entries. Also, identify anyone value that the company wants to communicate to the society.
उत्तर
| Journal In the books of Sangam Woolens Ltd |
||||
| Date | Particulars | L.F. |
Dr. Rs |
Cr. Rs |
|
Machinery A/c Dr. To Vendor (Being machinery purchased) |
5,00,000
|
5,00,000
|
||
|
Vendor Dr. To Equity Share Capital To 9% Debentures A/c |
5,00,000
|
4,00,000 1,00,000
|
||
Values involved in the above scenario
1) Creation for employment opportunities
2) Working for social welfare
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संबंधित प्रश्न
On 1st April, 2012; Vivek Ltd. Was formed with an authorized capital of Rs.1,00,00,000 divided into 2,00,000 equity shares of Rs.50 each. The company issued prospectus inviting applications for 1,80,000 shares. The issue price was payable as under:
On Application: Rs.15
On Allotment: Rs.20
On Call: Balance amount
The issue was fully subscribed and the company allotted shares to all the applicants. The company did not make the call during the year.
Show the following:
a. Share capital in the Balance Sheet of the company as per revised Schedule-VI, Part-I of the Companies Act, 1956.
b. Also prepare 'Notes to Accounts' for the same.
Y Ltd. forteited 100 equity shares of Rs 10 each for the non-payment of first call of Rs 2 per share. The final call of Rs 2 per share was yet to be made.
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The capital which is subscribed by the public.
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| On Allotment | ₹ 40 |
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Pass Journal Entries in the books of Mohini Co. Ltd.
