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Find the cost of 96 shares of Rs 10 each...

Find the cost of 96 shares of Rs 10 each at 3/4 discount: brokerage being 1/4 per share

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Find the income derived from 88 shares of Rs 25 each at 5 premium,brokerage being (1)/(4) per share and the rate of dividend being 7(1)/(2)% per annum.Also,find the rate of interest on the investment.

The cost price of a Rs 100 stock at 4 discount, when brokerage is (1)/(4)% is (a) 95.75 (b) Rs 96( ) Rs 96.25(d) Rs 104.25

Find the market value of 200 shares worth Rs. 120, each bought at a discount of Rs. 20 . (in Rs.)

A Co. Ltd. offered to the public 20,000 equity shares of Rs. 100 each at a premium of Rs. 10 per share. The payment was to be as follows : {:("On Application","Rs. 30 per share"),("On Allotment","Rs. 30 per share (including premium)"),("On First Call","Rs. 25 per share"),("On Second & Final Call","Rs. 25 per share"):} Applications were received for 35,000 shares. Applications for 10,000 shares were rejected. Applicats for 15,000 shares were allotted 10,000 shares and remaining applications were accepted in full. The Directors made both the calls. One shareholder holding 500 shares failed to pay the two calls and as a consequence his shares were forfeited 200 of these shares were re-issued as fully paid at Rs. 80 per share. Expenses of issue came to Rs. 10,000. Prepare Cash Book and Journal on the basis of information given above.

Super Star Ltd. issued a prospectus inviting applications for 2,000 shares of Rs. 10 each at a premium of Rs. 2 per share, payable as: {:("On application",-,"Rs. 3 per share (including Rs. 1 premium),"),("On allotment",-,"Rs. 4 per share (including Rs. 1 premium),"),("On first call",-,"Rs. 3 per share."),("On second and final call",-,"Rs. 2 per share."):} Application were received for 3,000 shares and pro rata allotment was made on the applications for 2,400 shares. It was decided to utilise excess application money towards the amount due on allotment. Ramesh, to whom 40 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited. Rajesh, who applied for 72 shares failed to pay the two calls and on such failure, his shares were forfeited. Of the shares forfeited, 80 shares were sold to Krishan credited as fully paid-up for Rs. 9 per share, the whole of Ramesh's shares being included. Give Journal entries to record the above transactions (including cash transactions).

X Ltd., invited applications for 20,000 shares of Rs. 10 each payable as under : Rs. 3 per share on application, Rs. 3 per share on Allotment, Rs. 2 per share on First Call, and Rs. 2 per share on Final Call. Final Call was not made by the company. An applicant who had been allotted 100 shares failed to pay Allotment and First Call money due from him. His shares were forfeited after the First Call and were immediately re-issued at Rs. 8.50 per share. Make necessary entries in the Journal of the company.

UPKAR PUBLICATION -STOCK AND SHARES-QUESTION BANK
  1. Find the cost of Rs 7200 10% stock at 7 discount..

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  2. Find the cost of Rs 6400, 8% stock at per( brokerage 1/8%) ?

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  3. Find the cost of 96 shares of Rs 10 each at 3/4 discount: brokerage be...

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  4. Find the income derived from 44 shares of rs 25 each at 5 premium (bro...

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  5. A man invest in (4)1/2% stock at 96. the interest obtained by him is

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  6. By investing rs 1100 in a (5)1/2% stock one earns rs 77. the stock is ...

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  7. To produce an annual income of rs 500 in a 4% stock at 90. the amount ...

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  8. Rs. 2780 are invested party in 4% stok at 75 and 5% stock at 80 to hav...

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  9. A 4% stock yields 5% . The market value of the stock is

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  10. By investing in a 6% stock at 96 an income of Rs. 100 is obtained by m...

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  11. The cash realized by selling a (5)1/2% stock at 106)1/4. brokerage bei...

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  12. The income derived from (5)1/2% stock at 95 is

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  13. The cost price of a Rs 100 stock at 4 discount, when brokerage is 1...

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  14. A man invested Rs.4455 in Rs. 10 shares quoted at Rs 8.25 if the rate ...

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  15. A man bought 20 shares of Rs. 50 at 5 discount the rate of dividend be...

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  16. Aman buys Rs 20 shares paying 9% dividend. The man wants to have an in...

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  17. By investing in (3)3/4% stiock at 96 one earn Rs 100.The investment ma...

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  18. A man invested RS 388 In a stock at 97 to obtain an income of Rs 22. t...

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  19. Which is better investment 4% stock per with an income tax at the rate...

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  20. A man invest some money party in 3% stock at 96 and party in 4% stock ...

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