Accounting for Companies-Accounting for Share Capital (CBSE Class-12 Accountancy): Questions 8 - 13 of 13

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Question number: 8

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

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Samta Ltd. forfeited 800 equity shares of Rs. 100 each for the non-payment of first call of Rs. 30 per share. The final call of Rs. 20 per share was not yet made. Out of the share 400 were re-issued at the rate of Rs. 105 per share fully paid up.

Pass necessary journal entries in the books of Samta Ltd. for the above transaction.

Question number: 9

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

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What do you mean by Private placement of shares?

Question number: 10

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

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

Question number: 11

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

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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: 12

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

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What is Sweat Equity?

Question number: 13

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

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Dividend paid by a manufacturing company is classified under which kind of activity while preparing cash flow statement?

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