Can a Company issue a share having face value of Rs. 10 at Rs. 97 Post category:Accountancy Reading time:1 mins read SOLUTION No. Under Section 53 of the Companies Act, 2013, a Company cannot issue shares at discount. 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 PostGive one point of distinction between Reserve Capital and Capital Reserve. Next PostCan ‘securities premium reserve’ be distributed as dividend? You Might Also Like P and Q are partners sharing profits in the ratio of 5: 3. R is admitted and the new ratio is 4: 3 :2. What will be the sacrificing ratio? September 26, 2022 The Balance Sheet of X, Y and Z as at 31st March, 2020 was: August 5, 2022 A and B are partners sharing profits in the ratio of 2 : 1. They admit C for 1/4th share in profits. C brings in Rs. 30,000 for his capital and Rs. 8,000 out of his share of Rs. 10,000 for goodwill. Before admission, goodwill appeared in books at Rs. 18,000. Give Journal entries to give effect to the above arrangement. August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
P and Q are partners sharing profits in the ratio of 5: 3. R is admitted and the new ratio is 4: 3 :2. What will be the sacrificing ratio? September 26, 2022
A and B are partners sharing profits in the ratio of 2 : 1. They admit C for 1/4th share in profits. C brings in Rs. 30,000 for his capital and Rs. 8,000 out of his share of Rs. 10,000 for goodwill. Before admission, goodwill appeared in books at Rs. 18,000. Give Journal entries to give effect to the above arrangement. August 1, 2022