On dissolution of a firm, where are assets shown in the balance sheet transferred? Post category:Accountancy Reading time:1 mins read SOLUTION On the Debit side of Realisation Account. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhy is Realisation Account prepared? Next PostOn dissolution of a firm, where is cash in hand transferred? You Might Also Like Authorized capital of Suhani Ltd. is Rs. 45,00,000 divided into 30,000 shares of Rs. 150 each. Out of these company issued 15,000 shares of Rs. 150 each at a premium of Rs. 10 per share. the amount was payable as follows:Rs. 50 per share on application, Rs. 40 per share on allotment (including premium),Rs. 30 per share on first call and balance on final call Public applied for 14,000 shares. All the money was duly received. Prepare an extract of Balance Sheet of Suhani Ltd. as per Schedule III, Part I of the companies Act, 2013 disclosing the above information. Also prepare ‘Notes to Accounts ‘ for the same. July 13, 2022 What is meant by issue of shares for consideration other than cash? September 28, 2022 Give two characteristics of Goodwill. September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Authorized capital of Suhani Ltd. is Rs. 45,00,000 divided into 30,000 shares of Rs. 150 each. Out of these company issued 15,000 shares of Rs. 150 each at a premium of Rs. 10 per share. the amount was payable as follows:Rs. 50 per share on application, Rs. 40 per share on allotment (including premium),Rs. 30 per share on first call and balance on final call Public applied for 14,000 shares. All the money was duly received. Prepare an extract of Balance Sheet of Suhani Ltd. as per Schedule III, Part I of the companies Act, 2013 disclosing the above information. Also prepare ‘Notes to Accounts ‘ for the same. July 13, 2022
