UP Board 2022 | अवकलज के अनुप्रयोग - L3 | Applications of derivatives | Hindi Medium |Arun Sir |5PM

Elite Ltd. invited applications from public for 5,00,000 equity shares of Rs. 10 each issued at Rs. 11 per share. The payment was to be made as follos : Rs. 3 on Application, Rs. 4 on Allotment including premium, and Rs. 4 on call. Applications fr 6,50,000 shares were received. Allotment of shares was made as follows : (i) 100% shares to applicants of 4,00,000 shares, (ii) 50% shares to applicants of 2,00,000 shares, (iii) No allotment to applicants of 50,000 shares. A shareholder to whom 500 shares were allotted under category (i) paid full amount due on shares along with allotment money. Another shareholderholding 1,000 shares were subsequently re-issued as fully paid-up @ Rs. 8 per share. Pass the journal entries.

1.17 g an impure sample of oxalic acid dihydrate was dissolved and make up of 200 ml with water. 10 ml of this solution in acidic medium required 8.5 ml of a solution of potassium permanganate containing 3.16 g per litre of solution. The percentage purity of oxalic acid will be:

SK Ltd. invited applications for 3,20,000 equity shares of Rs. 10 each at a premium of Rs. 5 per share. The amount was payable as follows: On application-Rs. 3 per share (including premium Rs. 1 per share), On allotment-Rs. 5 per share (including premium Rs. 2 per share), On First and Final Call - Balance. Applications for 4,00,000 shares were received. Applications for 40,000 shares were rejected and application money refunded. Shares were allotted on pro rata basis to the remaining applicants. Excess money received with applications was adjusted towards sums due on allotment. Jeevan holding 800 shares failed to pay the allotment money and his shares were immediately forfeited. Afterwards, final call was made. Ganesh who had applied for 2,700 shares failed to pay the final call. His shares were also forfeited. Out of the forfeited shares, 1,500 shares were reissued at Rs. 8 per share fully paid-up. The reissued shares included all the forfeited shares of Jeevan. Pass necessary Journal entries for the above transactions in the books of the company.