Questions and Answers of Corporate Accounting

A limited company issued 90,000 shares of ₹ 10 each at a premium of ₹ 3 per share payable as follows :On application ₹ 6 (including premium) per share, on allotment ₹ 5 per share and on call
The directors of XYZ Limited invited applications for 2,00,000 Equity Shares of ₹ 10 each to be issued at 20% premium. The money payable on shares is as follows : on application ₹ 5, on allotment
Super Star Ltd offered 10,000 equity shares of ₹ 100 each for subscription at a premium of ₹ 20 per share payable as follows: on application ₹ 10; on allotment ₹ 40 (including premium); on
(a) What is a bonus share ?(b) State the Provision of the Companies Act, 2013 for the issue of bonus shares.
Sweetwell Co. Ltd has a share capital of ₹7,00,000 in equity shares of ₹10 each which are quoted in the market at ₹20. The company now declares a bonus is to be paid by issue of 40,000 fully
Discuss the sources from which bonus shares can be issued by a company.
The following are the extracts from the Balance Sheet of A Ltd as on 31.3.2017: Authorised capital : 10,000 Equity Shares of ₹10 each : ₹1,00,000 Issued and Subscribed Capital : 5,000 Equity
Discuss the latest guide lines issued by the the SEBI for the issue of bonus shares.
The following are the extract from the Draft Balance Sheet of Omega Tools Ltd as on 31st March, 2017. ₹ 10,00,000 8,00,000 1,00,000 General Reserve 3,50,000 Profit and Loss Account 2,50,000 A
The following was the Balance Sheet of Zodiac Ltd. as at 30.9.2016 : I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital (b) Reserves and Surplus - General Reserve (2) Share
What is bonus debentures ? What are the logics of issuing bonus debentures ?
From the following prepare a statement showing the basis of allotment in respect of a rights issue :1. Centurion Bank Limited issues 22,69,44,320 equity shares on rights basis.2.
Distinguish between ‘Bonus Shares’ and ‘Bonus Debentures’.
What do you mean by stock split?
Distinguish between ‘Rights Share Issue’ and ‘Bonus Share Issue’.
What are the advantages and disadvantages of issuing bonus shares ?
What do you mean by Employee Stock Option Scheme (ESOS) ?
Modern Bio-tech Ltd. granted 4,000 options to employees and directors on 1st April, 2013 asnd ₹150 when the market price was ₹300. Vesting period is 3 years. You are required to :(i) Calculate
On 1st April, 2013 CTS Ltd. granted 10,000 shares to employees and directors under stock option scheme at ₹100 (face value ₹10 and market value ₹130). The vesting period was three years. The
What do you mean by Vesting Period?
What do you mean by Employee Stock Purchase Scheme (ESPS)?
M.H.K. Ltd. issued 5,000 equity shares on 1st April, 2017 under Employees Stock Purchase Scheme at ₹100 when the market price was ₹170 and face value was ₹10. Pass journal entries to record the
A Company has its share capital divided into shares of ₹10 each. On 1st April, 2016 it granted 10,000 employees’ stock options at ₹40, when the market price was ₹130. The options were to be
X Co Ltd. has its share capital divided into equity shares of ₹10 each. On 1.10.2008 it granted 20,000 employees stock options at ₹50 per share, when the market price was ₹120 per share. The
A Company has its share capital divided into shares of ₹10 each. On 1.4.2010, it granted 5,000 employees stock option at ₹50, when the market price was ₹140. The options were to be exercised
G Ltd. grants 100 share options to each of its 690 employees. Each grant containing condition in the employees of G Ltd. as :I) Working over the next 4 years.ii) It is estimated that 30% of employees
Virtual Limited granted on 1st April, 2011, 1,00,000 Employees Stock Options at ₹40, when the market price was ₹60. These options will vest at the end of year 1, if the earnings of Virtual
On 1st April, 2013 X Limited granted 2,000 shares to the employees under stock option scheme at ₹75 each (face value ₹0 and market value ₹165). The company allowed 3 years for vesting the
Beta Limited granted 1,000 options at ₹40 to its employees under employee stock option scheme. The face value of each option was ₹10 and its market price at that time was ₹120. The vesting
The following is the Balance Sheet of XYZ Limited as on 31.3.2017:The company decides to buy back 20% of its paid-up equity share capital at ₹11 each. For that purpose, it decides to issue 1,600
(a) What do you mean by "buy back of shares"?(b) What are the objectives of buying back ?
How do you calculate the size of the buy back?
A company furnishes you with the following Balance Sheet as on 31.3.2017 : I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital (b) Reserves and Surplus (c) Money Received against
A limited company decides to buy back 50,000 equity shares of ₹10 each at a premium of 20%. For this purpose, it decides to issue 10% preference shares of ₹10 each at par. To meet the requirement
The following is the Balance Sheet of ABC Limited as on 31.3.2017 : I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital (b) Reserves and Surplus (c) Money Received against Share
State the meaning of the following in relation to buy back of shares :(a) Free reserves;(b) Proceeds of an earlier issue.
The following is the Balance Sheet of ABC Limited as on 31.3.2017 :The company intends to buy back its equity shares to the extent permitted by law. For this purpose, it wants to sell its investments
The Balance Sheet of Sunny Electricals Ltd. as on 31st March, 2017 stood as under : I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital Balance Sheet of Sunny Electricals Ltd. as at
The authorised capital of a company is ₹12,00,000 divided into 12,000 Equity Shares of ₹100 each. Out of which 8,000 shares have been subscribed. The company has the following undisposed off
What is a rights share ? State the Provision of the Companies Act, 2013 for the issue of rights share.

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