State the steps other than rejecting applications that a company can take in case of over-subscription. Post category:Accountancy Reading time:1 mins read SOLUTION (i) To make pro-rata allotment to the remaining applicants; or (ii) Accepting some applications in full and alloting the remaining on pro-rata basis. 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 PostDistinguish between ‘Over-Subscription’ and ‘Under-Subscription’. Next PostD Ltd. invited applications for issuing 10,00,000 equity shares of Rs. 10 each. The public applied for 8,55,000 shares. Can the company proceed for the allotment of shares? Give reason in support of your answer. (C.B.S.E. 2014. Outside Delhi). You Might Also Like The Operating ratio of a company is 60%. State whether ‘Purchase of goods costing Rs. 20,000’ will increase, decrease or not change the operating ratio. (C.B.S.E. 2019. M.P.) October 3, 2022 Star Ltd. took over the assets of Rs. 6,60,000 and liabilities of Rs. 80,000 of Moon Ltd. for Rs. 6,00,000. Give necessary Journal entries in the books of Star Ltd. assuming that:Case (a): The purchase consideration was payable 10% in cash and the balance in 5,400; 12% Debentures of Rs. 100 each.Case (b): The purchase consideration was payable 10% in cash and the balance in 4,500; 12% Debentures of Rs. 100 each issued at 20% premium. July 16, 2022 Mention a case where Profit & Loss Appropriation Account will be prepared even if Profit & Loss Account discloses net loss. September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
The Operating ratio of a company is 60%. State whether ‘Purchase of goods costing Rs. 20,000’ will increase, decrease or not change the operating ratio. (C.B.S.E. 2019. M.P.) October 3, 2022
Star Ltd. took over the assets of Rs. 6,60,000 and liabilities of Rs. 80,000 of Moon Ltd. for Rs. 6,00,000. Give necessary Journal entries in the books of Star Ltd. assuming that:Case (a): The purchase consideration was payable 10% in cash and the balance in 5,400; 12% Debentures of Rs. 100 each.Case (b): The purchase consideration was payable 10% in cash and the balance in 4,500; 12% Debentures of Rs. 100 each issued at 20% premium. July 16, 2022
Mention a case where Profit & Loss Appropriation Account will be prepared even if Profit & Loss Account discloses net loss. September 26, 2022