Sarkaari Loot Offer : Khareediye Exampur ka koi bhi Sarkaari Course , 10% OFF par | Doubtnut

A limited company offered for subscription 10,000 Equity Shares of Rs 10 each at a premium of Rs 2 per share and 5,000, 10% Preference Shares of Rs 10 each at par. The amount on equity shares was payable as thus : {:("On Application","Rs 3 per share"),("On Allotment","Rs 5 per share ( including a premium)"),("On Fist Call","Rs 4 per share"):} The amount of preference shares was payable as follows : {:("On Application","Rs 3 per share"),("On Allotment","Rs 4 per share"),("On Fist Call","Rs 3 per share"):} All the shares were fully subscribed, called-up and paid. Record these transactions in the journal and cash book of the company.

During the year ended 31st March, 2019, Anderson Ltd. Issued 12% Debentures of ₹ 100 each, as per the details given below: (a) 900 Debentures issued as collateral security to a bank against a losnb of ₹ 60,000. (b) The underwriters were to be paicd a commission of ₹ 48,000. 25 % of the amount was paid to them in cash and the balance was paid by the issue of Debentures at a discount of 10% to be redeemed at par. A machine was purchased for ₹ 2, 18, 500. The vendor was paid by the issue of Debentures at a premium of 15% to be redeemed ar par. 5,000 Debetures ware issued to the pubic at 5% premium , to be redeemed at premium of 5% The company wrote off all capital losses arising from the issue of Debentures at the end of the year from its capital profits and if need be from its revenue profits. You are required to Journalise the above transctions in the books of Anderson Ltd.

On 1st April, 2018, Amro Ltd. Issued 10,000, 9% Debentures of ₹ 100 each at a discount of 10% redeemable at par after 5 yea₹. The issue price is payable along with application. The debentures were subscribed. It has a balance of ₹ 1,75,000 in Securities Premium Reserve. Pass Journal entries for issue of debentures and writing off the discount and prepare Discount of Issue of Debentures Account.

A shopkeeper offers 10% off-season discount to the customers and still makes a profit of 26%. What is the cost price for the shopkeeper on a pair of shoes marked at Rs 1120?