Brand new earnings ratio is actually computed during the time of admission, from the subtracting ……………… (a) Lose from the old ratio (b) Dated ratio in the compromise (c) Give up about the newest proportion Address: (a) Sacrifice on old ratio
- So you’re able to issue totally reduced-right up bonus shares into the investors.
- To enter off original costs of your companies.
- To enter off of the fee paid back otherwise discount/exp on the issue of shares/debentures.
- To expend premium to your redemption of preference offers or debentures of organization.
Concern 1. A pals sacrificed 2 hundred shares regarding ? 20 for every, ? fifteen per display called upon and this ? ten per express is paid off. Directors reissued all sacrificed shares. ? fifteen per express paid up towards the payment regarding ? 10 per. Supply the diary entries. Answer: Diary Entries
Concern dos. A company forfeited 200 shares out of ? 10 for every single fully named right up to own non – percentage of your own first phone call from ? 2/- for each share and final phone call out of ? 3 for each and every express. 120 of them shares was basically reissued in the ? 6/- for every single display fully paid-up. Provide the needed entries. Answer:
Formula out of Matter Transfer to Capital Reserve: No away from shares x (Reissue rate – paid-up matter) = 120 x (6 – 5) = 120 x step 1 = ? 120.
Global Ltd approved 6000 offers regarding ? 100/- per at superior regarding ? 20 for every express payable due to the fact go after ? 29 towards the Software ? fifty on Allotment (including premium) ? 30 to the Earliest call and you may ? 10 on latest call Most of the shares have been properly registered and cash due was basically received. Violation Log Records. Answer: Diary Records
Matter cuatro. Sun Ltd given for membership 20,one hundred thousand shares away from ? 10/- for every single payable ? 2.50 in the App ? 5 towards Allocation ? 3 toward Basic name ? 2 towards Last call Applications was obtained having 31,100000 shares. The application form for five,one hundred thousand offers was refused. Application money with other 5,one hundred thousand shares was used toward matter owed towards allotment. Ticket Record Records.
Matter twenty-seven. Anbu and you may Shankar is actually partners within the a business discussing payouts and you can losses regarding the ratio of seven : 5. The balance layer of your own lovers with the can be as observe:
The latest funds ratio try calculated during the time of entry, of the subtracting ……………… (a) Compromise on the dated ratio (b) Old ratio throughout the give up (c) Compromise on brand new proportion Answer: (a) Lose on the old ratio
- Goodwill of the organization are cherished from the ? 80,one hundred thousand and you will Rajesh produced bucks ? 6,100 getting their display of goodwill.
- Rajesh would be to provide ? step one,fifty,100 because the his money.
- Engine auto is cherished during the ? dos,00,000; stock during the ? step 3,80,100000 and you can debtors on ? step three,fifty,000.
- Anticipated claim toward workmen settlement funds was ? 10,100
- Unrecorded resource out of ? 5,000 should be produced into account.
Concern step 1. At the time of entry from someone computation of new money proportion is ……………… (a) not needed (b) requisite (c) optional Address: (b) called for
Concern 2. Into the admission, undistributed profit or loss gone to live in ……………… (a) This new Partners merely (b) Old Partners just (c) All of the People Address: (b) Old People just
Discover compromising ratio are deducted regarding dated share … Miami Gardens FL chicas escort…………… (a) Wearing express (b) This new share (c) Neither of the two Respond to: (b) the new show
Concern 4. Someone who was admitted towards organization is named ……………… (a) Outbound couples (b) Arriving partner (c) One another Address: (b) incoming lover
Question 5. During admission off a different mate the next was revalued ……………… (a) Property (b) Obligations (c) One another Respond to: (c) Each other
Concern seven. To your entry out of a new spouse ……………… (a) Dated company has to be demolished (b) Old union should be dissolved (c) Each other dated company and you can partnership have to be dissolved (d) Neither partnership nor enterprise needs to be demolished Answer: (b) Old commitment has to be dissolved