Use the following information for questions given ahead: B Ltd. was registered with a share capital...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Use the following information for questions given ahead: B Ltd. was registered with a share capital of Rs.2, 00, 00, 000 divided into equity shares of Rs.10 each. It issued Rs.1, 80, 00, 000 equity shares to the general public at par payable as to Rs.3 on application, Rs.3 on allotment and balance in 2 equal calls. The public had subscribed for 17, 00, 000 shares. Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 50, 000 shares, who did not pay the call money. Use the following information for questions given ahead: B Ltd. was registered with a share capital of Rs.2, 00, 00, 000 divided into equity shares of Rs.10 each. It issued Rs.1, 80, 00, 000 equity shares to the general public at par payable as to Rs.3 on application, Rs.3 on allotment and balance in 2 equal calls. The public had subscribed for 17, 00, 000 shares. Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 50, 000 shares, who did not pay the call money.
Expert Answer:
Answer rating: 100% (QA)
1 On 1st April 2006 the directors decided to forfeit the shares of Mr C W... View the full answer
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-1259692406
18th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Posted Date:
Students also viewed these general management questions
-
Calculate gross profit, cost of goods sold, and selling price MBI, Inc., hat sales of $250 million for fiscal 2013. The company's gross profit ratio for that year was 37.2%,
-
Wolsey Industries Inc. Estimated Income Statement 1. For the Year Ended December 31, 20Y3 Sales #REF! Cost of goods sold: #REF! #REF! Direct materials Direct labor Factory overhead #REF! #REF! #REF!...
-
Inventory turnover is calculated as cost of goods sold divided by ending inventory . 1. True 2. False
-
Modify HashST to use a resizing array so that the average length of the list associated with each hash value is between 1 and 8 .
-
Derrick owns a farm in eastern North Carolina. A hurricane hit the area and destroyed a farm building and some farm equipment and damaged a barn. Due to the extensive damage throughout the area, the...
-
Which of the following alkyl halides would you expect to undergo Friedel-Crafts reaction without rearrangement? Explain. (a) CH3CH2Cl (b) CH3CH2CH (Cl) CH3 (c) CH3CH2CH2Cl (d) (CH3) CCH2Cl (e)...
-
Consider the IRR and ERR measures of worth. If we define a root to mean a value for the measure that results in \(\mathrm{PW}=0\), then which of the following statements is true? a. Both IRR and ERR...
-
The following selected transactions were completed by Artic Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers: Jan. 2. Sold merchandise on account...
-
By making use of the identities z = eLn(z) and Ln(z) = a Ln(z), simplify and evaluate the following expressions: (a) i2 and (b) i". Show all details of work.
-
Using the ACDLabs NMR simulator (once in the simulator, use the help Help menu at the top to access full instructions), complete the table below by indicating splitting patterns and integration for...
-
You are working on the options trading desk of FINM Investment Bank. Three-month European call and puts on stock BUSN with strike $60 are selling for $5 and $3, respectively. BUSN is currently...
-
Search the internet for a healthcare organizations strategic plan. Examine and write a two-page analysis of it. Does it contain all of the components discussed in this chapter? Did the organization...
-
How does a change in population demographics alter the use of healthcare?
-
Examine one of the sample traditional business plans on the SBAs website here: https://www.sba.gov/business-guide/plan-yourbusiness/write-your-business-plan. How could the business plan be improved?...
-
Search the internet for healthcare business plans. Find two plans and write a two-page paper analyzing them. Do they contain all of the components described in this chapter? If the purpose of the...
-
Why is it important to involve workers in the planning phase of a project when possible?
-
What is the part of nationalization in the designation of the national language? b. What are the effects of having a national language on the language and culture of ethnic-linguistic groups in the...
-
For the data in Exercise 17-19, use the FIFO method to summarize total costs to account for, and assign these costs to units completed and transferred out, and to units in ending work in process....
-
We have made the point that managers often attempt to maximize the contribution margin per unit of a particular resource that limits output capacity. The following are five familiar types of...
-
Identify what is wrong with the following statement: "There are three basic kinds of cost accounting systems: job order, process, and standard."
-
Redstone Mill is a manufacturer that makes all sales on 30-day credit terms. Annual sales are approximately $40 million. At the end of year 1, accounts receivable were presented in the company's...
-
Derive Eq. (13.79). Equation (13.79) Pa 1 (1+K) Mnp Mp-1 k=0 1 (Mnp+k) K k! (Mnp) (1+K,
-
Develop a MATLAB program to calculate the cumulative probability of detection.
-
The sum inside Eq. (13.79) presents a very formidable challenge. It can be, however, computed recursively with relative ease. Develop a recursive algorithm to calculate this sum. Equation (13.79)...
Study smarter with the SolutionInn App