B Ltd. issued 1,00,000 equity shares of Rs. 10 each to the public at par. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
B Ltd. issued 1,00,000 equity shares of Rs. 10 each to the public at par. The details of the amount payable are as follows: Rs. 2.00 Application Allotment Rs. 3.00 First & final call Rs. 5.00 Applications were received for 1,20,000 shares. Excess application monies were refunded. All other amount was received excepting final call on 1,000 shares. These shares were forfeited and reissued at Rs. 8 per share. On reissue of forfeited shares, discount debited to share forfeiture account will be A B C D Rs. 3,000 Rs. 5,000 Rs. 8,000 Rs. 2,000 B Ltd. issued 1,00,000 equity shares of Rs. 10 each to the public at par. The details of the amount payable are as follows: Rs. 2.00 Application Allotment Rs. 3.00 First & final call Rs. 5.00 Applications were received for 1,20,000 shares. Excess application monies were refunded. All other amount was received excepting final call on 1,000 shares. These shares were forfeited and reissued at Rs. 8 per share. On reissue of forfeited shares, discount debited to share forfeiture account will be A B C D Rs. 3,000 Rs. 5,000 Rs. 8,000 Rs. 2,000
Expert Answer:
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
In December of Year 2 operations (month 24), Memories, Inc. actually produced and sold 32,675 figurines, consisting of 30,570 dolls and 2,105 replicas, The budgeted sales price for dolls was $5.00,...
-
In December of Year 2 operations (month 24), Memories, Inc. actually produced and sold 32,675 figurines, consisting of 30,570 dolls and 2,105 replicas, The budgeted sales price for dolls was $5.00,...
-
In December of Year 2 operations (month 24), Memories, Inc. actually produced and sold 32,675 figurines, consisting of 30,570 dolls and 2,105 replicas, The budgeted sales price for dolls was $5.00,...
-
Cassandra is retiring December 31, 2023, after many, happy years of employment with Canadian National Railway Company (CN). She is fortunate to be part of a Defined Benefit Pension Plan (DBPP). Her...
-
Give an example (other than those described in this chapter) for each of the following, and justify your answer: a. Derived attribute b. Multivalued attribute c. Atomic attribute d. Composite...
-
A person walks from point A to point B as shown in Fig. 3.31. What is the persons displacement relative to point A? 40 m 20 m 30 m 20 m 30
-
Identify the alternative types of disclosure appropriate for Type II subsequent events.
-
Finding Financial Information Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book. Required: 1. How much cash and cash equivalents does the company...
-
Discuss how your approach to leading a domestic multicultural team or international team is shaped based on the theories you have learned in this unit. Your essay must be a minimum of two pages in...
-
The towline exerts a force of P = 4 kN at the end of the 20-m-long crane boom. If x = 25 m, determine the position ? of the boom so that this force creates a maximum moment about point O. What is...
-
let R be a commutative ring with 1 and let a, beR-307. The L.C.M of a,b is an element eeR such that: (1) ale, ble and (ii) if alf and blf, then elf. (a) Prove that a lcm of a,b (if it exists) is a...
-
Use the trial balance below to accomplish the following requirements: 1. Prepare a Comparative Statement of Comprehensive Income (2022 and 2021) 3. Make a horizontal analysis current year (2020)...
-
Which of the following statements about licensing is true? a) When a product is licensed, the foreign partner will use the licensor's technology as a guide for home country business operations. b)...
-
Describe public opinion in the U.S. based upon class lecture/PPTs and the text. What are some of the features of public opinion in the U.S.? Do these surprise you? Why or why not? GO TO ONE OF THE...
-
What is the significance of the edge effect in fragmented habitats, and how does it impact biodiversity and species distribution patterns in landscapes undergoing significant anthropogenic changes?
-
Explain in one hundred words or more how information technology and data mining lead to marketing actions?
-
Solve: +32 Give your answer as an interval. Enter DNE if the inequality does not have a solution. > Next Question
-
What are some of the various ways to implement an awareness program?
-
(a) What source documents are used in assigning (1) materials and (2) labor to production in a process cost system? (b) What criterion and basis are commonly used in allocating overhead to processes?
-
Hoboken Corporation issued $600,000, 9%, 10-year bonds on January 1, 2012, for $562,613. This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on...
-
In October, McEnroe Company reports 21,000 actual direct labor hours, and it incurs $115,000 of manufacturing overhead costs. Standard hours allowed for the work done is 20,000 hours. The...
-
What are a manager's resources?
-
What are the three levels of management?
-
This stagecoach likely makes a stop near you. Wells Fargo \& Company owns Wells Fargo Bank, which is one of the largest banks in the US with more than 8,800 bank branches in 40-plus states. Community...
Study smarter with the SolutionInn App