Mr. Shape dealt on the stock exchange and had purchased and sold leading scripts but did not
Question:
Mr. Shape dealt on the stock exchange and had purchased and sold leading scripts but did not maintain his accounts in a proper manner. He furnished the following data:
Everlite Ltd. issued bonus shares and Mr. Shape received 1,000 equity shares of the company as bonus shares.
You are required to show the Investment Account in Mr. Shape’s books.
Transcribed Image Text:
Investments on hand as on July 1, 2016: 300--3% Conversion loan 2016-2017 of 100 each purchased at * 60. 250-- Equity shares of 10 each of Everlite Ltd. at 18 per share. 100-9% preference shares of Transactions during the year : Purchases: 750 equity shares of 250 equity shares of 125 equity shares of 10 each of bright shipping Ltd. at * 12. Sold: 100-3% Conversion loan 2016-2017 at 65. 100-9% Preference shares of Prosperous Ltd. at 99. Interest / Dividends received: 3% conversion loan interest received - 900. 9% preference shares of Prosperous Ltd. --* 9,000. Everlite Ltd. - Dividend at 20% on 1,000 shares - 2,000. 100 each on Prosperous Ltd. at 95 per share. 10 each of Everlite Ltd. at * 23. 10 each of Small Ltd. at 9.
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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