Rani Company Ltd., with a share capital of 20,000, equity shares of 10 each fully-paid, carries out
Question:
Rani Company Ltd., with a share capital of ₹20,000, equity shares of ₹10 each fully-paid, carries out by proper resolution, a sub-division into shares of ₹1 each. Pass journal entry to give the effect to the above information.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
1 Calculate the total number of shares before and after the subdivision Total Share Capital before S...View the full answer
Answered By
Chandrasekhar Karri
I have tutored students in accounting at the high school and college levels. I have developed strong teaching methods, which allow me to effectively explain complex accounting concepts to students. Additionally, I am committed to helping students reach their academic goals and providing them with the necessary tools to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Mcpies International Limited manufactures expensive cars in Japan and then exports some cars to sell in Australia. John Automotive in Australia is currently handling the dealership across Australia...
-
The financial position of R Limited at 31st March, 2017 was as follows: As per the terms of issue of the Preference Shares these were redeemable at a premium of 5 per cent on 1st April, 2017 and it...
-
The Sibelius Company was incorporated on 1 March X1. It carries a commercial activity. The following transactions were undertaken during the first month of operation of Sibelius Co. 1 March 1...
-
Perform the indicated operations. (3k + q)
-
Continental, a manufacturer of cigarettes, sold to a group of 38 investors bonds with warrants attached to purchase common stock. The sales took place in a high-pressure atmosphere in a room with...
-
At the beginning of June, Rhone Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost information: During June, two more jobs (46 and 47) were started. The following...
-
A \(27-\mathrm{kg}\) child stands in the center of a trampoline. (a) If the trampoline center is \(0.32 \mathrm{~m}\) lower than before they got on, what is the spring constant of the trampoline? (b)...
-
Suppose that the club extended credit to its regular patrons in an effort to maintain a loyal clientele, although neither the articles of incorporation nor the corporate bylaws authorized this...
-
19.A radioactive -emission. A detector records n -particles in 2s and by next 2s (accumulatively) it records 1.1 n -particle. Number of -particles recorded by detector after a long time, is (1) 11n...
-
Alteration of shares of smaller amount into shares of larger amount is called _______ of share capital.
-
Any debit balance in profit and loss account represents ________ and such losses will be written off as part of a capital organisation.
-
Underground water is to be pumped by a 78 percent efficient 5-kW submerged pump to a pool whose free surface is 30 m above the underground water level. The diameter of the pipe is 7 cm on the intake...
-
"Look out! That old abandoned well is very dangerous, Huck. I think that it should be capped so that nobody could fall in and kill his self." "Ah, shucks, Tom, let's climb down and see how deep it...
-
How could you use text clouds to show how your interests and activities have changed over time-for instance, comparing your interests in grade school to your interests today? What would these...
-
Using the heuristic we have provided, have each member of the class create a cloud from their own resume. Then, in teams of two or three, examine these text clouds and see what they reveal about the...
-
If the length of the semimajor axis of the orbit of Mars is \(1.4 \times 10^{8} \mathrm{mi}\) and the eccentricity is about 0.093 , determine the greatest and least distance of Mars from the sun.
-
Does your campus have a career center? What services do they provide to students and graduates of your school?
-
The employee benefits manager of a large public university would like to estimate the proportion of full-time employees who prefer adopting the first (plan A) of three available health care plans in...
-
7. Baladna wants to analyze process that includes delivery by suppliers, production inside the company, transportation to to its customers and information systems. Then it also wants to find out...
-
Give an example of a recent purchase in which you used extensive problem solving. What sources of information did you use in making the decision?
-
On the basis of the data and analysis presented in Chapter 5, what kind of buying behavior would you expect to find for the following products: ( a ) a haircut, ( b ) a shampoo, ( c ) a digital...
-
Review the model in Exhibit 5-2 and then reread the Apple case at the beginning of this chapter. List and briefly describe specific points in the case that illustrate the model.
-
Please provide two Government Trade Regulations specific to the soft drink industry (NAICS 312111), including the nature of each of these specific regulations and the rationale for it, the impact it...
-
1. Does it worry you that central banks started purchasing long term rather than short term securities? What is the key difference? 2. Why did higher inflation not materialize? 3. Who benefited from...
-
he statement that a company prepares each month to explain the differences between its banking records and those supplied by the bank . In which what bank statement. Group of answer choices deposit...
Study smarter with the SolutionInn App