Normally, what should he the maturity period for a short-term investment from the date of its acquisition to be qualified as cash equivalents? (C.B.S.E. 2017) Post category:Accountancy Reading time:1 mins read SOLUTION Three months or less. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 PostKartik Mutuals, a mutual fund company, provides you the following information: Next PostWill ‘acquisition of machinery by issue of equity shares’ be considered while preparing ‘Cash Flow Statement’? Give reason in support of your answer. You Might Also Like X Ltd. was formed with a capital of 10,00,000 divided into shares of 100 each. It offered 90% shares to public for subscription. The amount per share was payable as 40% on application, 20% on allotment and the balance on first and final call. The applicants paid 3,60,000 on application and 1,69,000 on allotment. The call has not yet been made. Calculate:(a) Authorised Capital, (b) Issued Capital, (c) Subscribed Capital, (d) Called-up Capital, (e) Paid-up Capital and (f) Calls-in-Arrears. July 14, 2022 Give necessary journal entries:(i) The Directors of Devendra Ltd. resolved on 1st January, 2010 that Equity Shares of Rs. 10 each, Rs. 8 paid-up be forfeited for non-payment of final call of Rs. 2. On 1st February, 60 of these shares were reissued @ Rs. 7 per share as fully paid-up.(ii) Virender Limited forfeited 20 shares of Rs. 100 each (Rs. 60 called-up) issued at par to Mukesh on which he had paid Rs. 20 per share. Out of these, 15 shares were reissued to Sanjeev as Rs. 60 paid-up for Rs. 45 per share. July 14, 2022 How much amount will be paid to A, if his opening capital is Rs. 2,00,000 and his share of realisation profit amounts to Rs. 10,000 and he has taken over assets valuing Rs. 25,000 from the firm? September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.