A limited company forfeited 400 shares of Mr. X, who had applied for 600 shares on account of non-payment of allotment money Rs. 3 + Rs. 2.50 (premium) and first call Rs. 2. Only Rs. 4 per share was received with application. Out of these, 200 shares were re-issued to Mr. Y at Rs. 8 per share, Rs. 9 paid -up. Give journal entries relating to forfeiture and re-issue.
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Vansh Limited is a large and reputed company which manufactures ventilators. After the outbreak of ‘COVID-19’ in 2020 the company
Dividend decision: The decision involved here is how much of the profit earned by the company (after paying tax) is to be distributed to the shareholders and how much of...
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Find the present value of perpetuity of ₹600 at end of each quarter if money is worth 8% compounded quarterly.
R = ₹600 \(i=\frac{0.08}{4}\) = 0.02 Present value of perpetuity = P = \(\frac{R}{i}\) ⟹ P = \(\frac{600}{0.02}\) = ₹30,000
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Fill in the blank: Laptop account is a ______ account.
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After spending 75% in his total money Ravi was left with Rs 600/. Then how much money he had originally ?
Correct option is C) ₹ 2400
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After spending 75% in his total money Ravi was left with Rs 600/. Then how much money he had originally ?
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Did Lencho try to find out who had sent the money to him? Why/Why not?
No, Lencho did not try to find out who really sent him the money because he had complete faith in God. He truly believed that God sent the money to...
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C Ltd. is planning to modernise its plant with latest technology. The company is not having sufficient money. The finance manager plans to arrange mon
Correct Answer - Public Deposits
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99. In which type of company there is no restriction on the transfer of shares(किस तरह की कम्पनी में अंशों के हस्तान्तरण पर प्रतिबन्ध नहीं है) - a) Public company (सार्वजनिक कम्पनी) b) Private company (निजी कम्पनी) c) Charted company (चार्टर्ड कम्पनी)
Answer: Public company A public company is a company that is not a private company. As per the Companies Act 2013, a public company has a minimum of 7 members and...
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Avdhesh is the Managing Director of Delta Ltd. The company had established a good name for itself and had been doing well. It was known for timely com
Democratic leadership.
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Raja Ltd., forfeited 400 shares of Rs. 25 each (Rs. 20 called up) held by Asha, for non-payament of allotment money of Rs. 10 per share (including Rs.
Capital Reserve Rs. 1,500.
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