If a fixed amount is withdrawn on the last day of every month, for what period the interest on total drawings will be calculated? Post category:Accountancy Reading time:1 mins read SOLUTION 5.5 months. 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Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostIf a fixed amount withdrawn on 15th day of every month, for what period the interest on total Drawings will be calculated? Next PostIf a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total drawings will be calculated. (C.B.S.E. Sample Paper 2019) You Might Also Like VT Ltd forfeited 200 shares of Rs. 10 each, issued at a premium of Rs. 5 per share, held by Mohan for non-payment of the final call of Rs. 3 per share. 100 out of these shares were reissued to Narendra at a discount of Rs. 4 per share. Journalise. VT Ltd forfeited 200 shares of Rs. 10 each, issued at a premium of Rs. 5 per share, held by Mohan for non-payment of the final call of Rs. 3 per share. 100 out of these shares were reissued to Narendra at a discount of Rs. 4 per share. Journalise. July 14, 2022 Telecom Ltd.’ issued 20,000 Equity Shares of Rs. 10 each at a premium of Rs. 5 per share, payable as: Rs. 7 (including premium) on application, Rs. 5 on allotment and the balance after three months of allotment. A shareholder to whom 200 shares were allotted failed to pay the allotment and call money and his shares were forfeited. 160 of the forfeited shares were reissued for Rs. 1,600. Give necessary entries in company’s Journal and the Balance Sheet. July 15, 2022 Following was the Balance Sheet of M.M. Ltd. as at 31st March, 2015: August 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
VT Ltd forfeited 200 shares of Rs. 10 each, issued at a premium of Rs. 5 per share, held by Mohan for non-payment of the final call of Rs. 3 per share. 100 out of these shares were reissued to Narendra at a discount of Rs. 4 per share. Journalise. VT Ltd forfeited 200 shares of Rs. 10 each, issued at a premium of Rs. 5 per share, held by Mohan for non-payment of the final call of Rs. 3 per share. 100 out of these shares were reissued to Narendra at a discount of Rs. 4 per share. Journalise. July 14, 2022
Telecom Ltd.’ issued 20,000 Equity Shares of Rs. 10 each at a premium of Rs. 5 per share, payable as: Rs. 7 (including premium) on application, Rs. 5 on allotment and the balance after three months of allotment. A shareholder to whom 200 shares were allotted failed to pay the allotment and call money and his shares were forfeited. 160 of the forfeited shares were reissued for Rs. 1,600. Give necessary entries in company’s Journal and the Balance Sheet. July 15, 2022
