T Ltd. forfeited 500 equity shares of Rs. 10 fully called-up, held by Mr. Ram for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
T Ltd. forfeited 500 equity shares of Rs. 10 fully called-up, held by Mr. Ram for non- payment of first call of Rs. 5 and final of Rs. 3 each. However, he paid application money @ Rs. 2 per share. These shares were reissued at Rs. 10 each. On reissue, amount to be transferred to Capital Reserve Account will be A B C D Rs. 1,500 Rs. 2,500 Rs. 500 Rs. 1,000 T Ltd. forfeited 500 equity shares of Rs. 10 fully called-up, held by Mr. Ram for non- payment of first call of Rs. 5 and final of Rs. 3 each. However, he paid application money @ Rs. 2 per share. These shares were reissued at Rs. 10 each. On reissue, amount to be transferred to Capital Reserve Account will be A B C D Rs. 1,500 Rs. 2,500 Rs. 500 Rs. 1,000
Expert Answer:
Answer rating: 100% (QA)
In this Case of RS 10 each Rs5 on Y to final which mak... View the full answer
Related Book For
Principles of Taxation for Business and Investment Planning 2016 Edition
ISBN: 9781259549250
19th edition
Authors: Sally Jones, Shelley Rhoades Catanach
Posted Date:
Students also viewed these accounting questions
-
May 5 Purchased 800 shares of its own 2 par value common stock for 208 per share the current market price 17 Sold 400 shares of treasury stock purchased on May 5 for 22 per share 21 Sold 200 shares...
-
Below are the six steps of the tax research process, in random order. Please rearrange these steps into the correct order. a. Locate authority. b. Identify the issues. c. Get the facts. d....
-
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2003-2012. Volunteers began operations in 2004. Required: Calculate the balance...
-
obias is a foreman at a factory that manufactures auto parts. When a health a safety inspector visits the plant, Tobias notices the inspector writing down several major labor and safety violations....
-
The accompanying data are a subset of data read from a graph in the paper Ladies First? A Field Study of Discrimination in Coffee Shops (Applied Economics [April, 2008]). The data are wait times (in...
-
Oversold passengers can be categorized into two groups. What are these two groups and how does their compensation differ?
-
What the different types of settlement agreements are?
-
Consider the following three graphs, which illustrate the preferences of three consumers (Bob, Carol, and Ted) regarding two goods, apples and peaches. Each consumer has an income of $30, and each...
-
The table below provides the possible returns for two securities - Zamrud and Zaitun: Scenario I || Probability 0.6 0.4 Zamrud Zaitun -4% 12% 15% -6% (a) If you are considering investing RM45,500 in...
-
Write a query to display the patron ID, book number, and days kept for each checkout. Days Kept is the difference from the date on which the book is returned to the date it was checked out. Sort the...
-
There is a need for businesses to transfer knowledge from the baby-boomers who are retiring over the next decade or so to the millennials, who bring different talents and expectations. describe how...
-
A "hot topic" in today's world is employee email monitoring by organizations. Do you believe the practice of email monitoring by an organization should be enforced, and if so how should it be...
-
Ritter Corporation's accountants prepared the following financial statements for year-end 2021: (Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2021 Revenue $ 781...
-
C Four capacitors are connected to a DC battery (with an electric potential difference of V) as shown in Figure. Given: HH C2 C3 C1 (F) C2 (F) C3 (FC4 (F) V (Volt) C4 24 61 79 32 14 Calculate the...
-
On December 31, 2023, Berclair Incorporated had 600 million shares of common stock and 16 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2024,...
-
What are at least two examples of violations of the student kind of academic integrity why is integrity important in both academic and professional life?
-
Use the percentage method to compute the federal income taxes to withhold from the wages or salaries of each employee. Employee Employee Filing Status No. of Withholding No. Name Allowances Gross...
-
Describe the general ways that the revised Form 990, applicable for tax year 2008 and beyond, is different from previous versions.
-
Ms. Prince wants to create a scholarship in honor of her parents at the law school from which she received her degree. She could endow the scholarship with $500,000 cash or with $500,000 worth of...
-
On February 2, Mr. Eugene Pomeroy transferred all the assets of his sole proprietorship (Pomeroys Ski Shop) to a newly created corporation, Pomeroy Ski Inc. In exchange for the business assets, Mr....
-
Discuss the potential effect of the passive activity loss limitation on the market value of profitable rental real estate activities.
-
Find the free-vibration response of the spring-mass system shown in Fig. 6.6 (a) for \(k_{1}=k, k_{2}=2 k, k_{3}=3 k, m_{1}=m, m_{2}=2 m\), and \(m_{3}=3 m\) corresponding to the initial conditions...
-
Find the free-vibration response of the tightly stretched string shown in Fig. 6.33 for \(m_{1}=2 m, m_{2}=m, m_{3}=3 m\), and \(l_{i}=l(i=1,2,3,4)\). Assume the initial conditions as...
-
Find the free-vibration response of the triple pendulum shown in Fig. 6.10 for \(l_{i}=l(i=1,2,3)\) and \(m_{i}=m(i=1,2,3)\) for the initial conditions \(\theta_{1}(0)=\theta_{2}(0)=0\),...
Study smarter with the SolutionInn App