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Accounting for ...

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  • Question 1
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    20,000 shares issued for public subscription at a premium of 10%. Full amount was payable on application. Applications were received for 30,000 shares and pro-rata allotment was made. Find the amount to be adjusted in securities premium?

  • Question 2
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    20,000 shares issued for public subscription at a premium of 10%. Full amount was payable on application. Applications were received for 30,000 shares and pro-rata allotment was made. Find the amount to be adjusted in Share Capital Account?

  • Question 3
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    Vinod Ltd. forfeited 1,000 equity shares of ₹100 each for the non-payment of first call ₹20 per share and second and final call of ₹25 per share. These shares were reissued at ₹50 per share fully paid up. Find out the capital reserve.

  • Question 4
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    Vinod Limited forfeited 200 shares of ₹20 each, ₹15 per share called up on which ₹10 per share had been paid. Directors reissued all the forfeited shares to B as ₹15 per share paid up for a payment of ₹10 each. Find out capital reserve.

  • Question 5
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    Directors of Vinod Limited forfeited 200 shares of ₹20 each, ₹15 per share called up on which ₹10 per share had been paid. Directors reissued all the forfeited shares to B as ₹15 per share paid up for a payment of ₹10 each. State the minimum amount at which these shares can be reissued.

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