CBSE Class-12 Accountancy: Questions 140 - 148 of 209

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 209 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. View Sample Explanation or View Features.

Rs. 250.00 or

Question number: 140

» Accounting for Companies » Accounting for Share Capital » Share and Share Capital

One Liner Question▾

Write in Brief

What maximum amount of discount can be allowed on the reissue of forfeited shares?

Question number: 141

» Accounting for Partnership Firms » Reconstitution and Dissolution » Change in the Profit Sharing Ratio

Short Answer Question▾

Write in Short

Pass the journal entry for increase in the value of assets or decrease in the value of liabilities in the Revaluation A/c?

Question number: 142

» Accounting for Partnership Firms » Reconstitution and Dissolution » Retirement and Death of a Partner

Short Answer Question▾

Write in Short

What will happen if deceased or retired partner’s dues are not settled immediately?

Question number: 143

» Accounting for Companies » Accounting for Share Capital » Accounting for Share Capital

Short Answer Question▾

Write in Short

New India Ltd. forfeited 100 shares of Rs. 10 each, issued at a discount of 10%. The company had called up only Rs. 8 per share. Final call of Rs. 2 each has not been made on these shares. These shares were allotted to Ram, who did not pay the first call of Rs. 3.60 shares were reissued at Rs. 7 per share, as Rs. 8 paid up. Give Journal entries in the books of the company, showing the working clearly.

Question number: 144

» Analysis of Financial Statements » Financial Statements of a Company

Short Answer Question▾

Write in Short

Distinguish between New Profit - sharing ratio and sacrificing ratio?

Question number: 145

» Accounting for Partnership Firms » Not-for-Profit Organizations

Short Answer Question▾

Write in Short

Write any four features of non profit organisation?

Question number: 146

» Accounting for Partnership Firms » Past Adjustments

One Liner Question▾

Write in Brief

What entry is recorded to distribute General Reserve on the profit and loss A/c balance give in Liability side of Balance sheet?

Question number: 147

» Accounting for Companies » Accounting for Share Capital » Share and Share Capital

One Liner Question▾

Write in Brief

What is Sweat Equity?

Question number: 148

» Accounting for Companies » Accounting for Debentures » Debentures

Short Answer Question▾

Write in Short

On 1 Jan. 2001, a company issued 1000, 12 % debentures of Rs. 500 each at Rs. 450 each. Debenture holders were given an option to get their debentures converted into equity shares of Rs. 10 each at a premium of Rs. 50 per shares on 31sdt Dec, 2002, One year’s interest had accrued on these debentures which was not paid. A holder of 100 debentures informed that he wanted to exercise the option per conversion of debentures into equity shares. The company, therefore accepted his request and redeemed these 100 debentures by issuing him equity shares. The interest, however, on these 100 debentures was paid to the debenture holders. Pass necessary journal entries.

Sign In