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Z Ltd. was registered with an authorised...

Z Ltd. was registered with an authorised capital of Rs. 60,00,000 divided in 60,000 equity shares of Rs. 100 each. Company issued 25,000 equity shares at a premium of Rs. 20 per share, payable as follows : Rs. 30 on Application, Rs. 45 on Allotment (including premium), Rs. 20 on first call and Rs. 25 on Second and Final Call. All shares were subscribed and all the money was duly recived. Share issue expanses amounted to Rs. 40,000 which were fully written off against Securities Premium. Prepare necessary Journal Entries and Bank Account in the books of the Company.

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Share Capital Rs. 25,00,000, Reserve and Surplus Rs. 4,60,000, Balance at Bank Rs. 29,60,000.
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DK GOEL-COMPANY ACCOUNTS - ISSUE OF SHARES -PRACTICAL QUESTIONS
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  3. Z Ltd. was registered with an authorised capital of Rs. 60,00,000 divi...

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  4. Pushkar Ltd. invited applications for issuing 5,00,000 equity shares o...

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  5. Kiran Textiles Ltd. issued 50,000 Equity Shares of Rs. 10 each at a pr...

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  6. Kanpur Gas Ltd. issued 40,000 equity shares of Rs. 10 each at a premiu...

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  7. Vimal Ltd. purchased machinery of Rs. 9,90,000 from Kamal Ltd. The pay...

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  8. Pass journal entries for the following : (i) X Ltd. purchased L and ...

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  9. Tagore Ltd. purchased a running business from Tulsi Bros. for a sum of...

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  10. X Ltd. took over the following assets and liabilities of Y Ltd. : La...

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  11. Madhur Ltd. took over the assets of Rs. 3,90,000 and Liabilities of Rs...

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  12. X Ltd. issued 20,000, 7% Preference shares of Rs. 100 each at a premiu...

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  13. Shipra Limited invited applications for 80,000 shares of Rs. 10 each p...

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  14. On 1st February 2016, Raj Ltd. received in advance the first call of R...

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  15. A limited Company was registered with a capital of Rs. 5,00,000 in sha...

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  16. On 28-2-2016 the first call of Rs. 2 per share became due on 50,000 eq...

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  17. Jyoti Power Ltd. decided to issue 8,50,000 equity shares of Rs. 10 eac...

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  18. Govind Ltd., issued a prospectus inviting application, Rs. 5 on allotm...

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  19. X Ltd. issued shares for Rs. 20,00,000 divided into shares of Rs. 10 e...

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  20. A Company invited applications for 5,000 shares of Rs. 100 each. The a...

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