Samacheer Kalvi 12th Accountancy Entry regarding a partner Even more Inquiries and you may Solutions

Samacheer Kalvi 12th Accountancy Entry regarding a partner Even more Inquiries and you may Solutions

The fresh money ratio was calculated at the time of entryway, from the subtracting ……………… (a) Lose on the dated ratio (b) Old proportion on compromise (c) Give up about brand new ratio Respond to: (a) Lose in the old proportion

  1. To thing fully paid back-right up bonus offers to your investors.
  2. To write out of initial expenses of your own companies.
  3. To write off the percentage reduced otherwise discount/exp towards the problem of shares/debentures.
  4. To expend superior towards the redemption preference shares otherwise debentures of the providers.

Question step one. A company sacrificed two hundred shares out-of ? 20 each, ? fifteen for every single express contacted and therefore ? ten each share was actually paid. Administrators reissued all of the sacrificed shares. ? 15 for every share paid up on percentage out of ? ten each. Give the diary www.datingranking.net/escort-directory/richmond-1/ entries. Answer: Record Entries

Matter dos. A pals forfeited 2 hundred offers out of ? 10 for each fully called up to own low – commission of very first call of ? 2/- for every show and you may last phone call of ? step 3 for every single show. 120 of those offers have been reissued during the ? 6/- for each and every display fully paid-up. Give the requisite entries. Answer:

Computation out-of Count Move into Capital Reserve: Zero out of shares x (Reissue rate – paid up matter) = 120 x (6 – 5) = 120 x 1 = ? 120. Continuar leyendo “Samacheer Kalvi 12th Accountancy Entry regarding a partner Even more Inquiries and you may Solutions”