What are the two types of shares which a Company can issue? Post category:Accountancy Reading time:1 mins read SOLUTION (i) Preference Shares, and (ii) Equity Shares. 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 PostWhat is a share? Next PostWhat are preference Shares? You Might Also Like ‘Complete the following Statement’: When a liability is discharged by a partner, at the time of dissolution, Capital Account is credited because__. (C.B.S.E. Sample Paper 2019) October 8, 2022 Give the meaning of ‘Subscribed and Fully Paid-up Capital. (C.B.S.E. Sample Paper 2013) September 28, 2022 The partners of a firm, Alia, Bhanu and Chand distributed the profits for the year ended 31st March, 2017, Rs. 80,000 in the ratio of 3 : 3 : 2 without providing for the following adjustments: (a) Alia and Chand were entitled to a salary of Rs. 1,500 each p.a. (b) Bhanu was entitled for a commission of Rs. 4,000. (c) Bhanu and Chand had guaranteed a minimum profit of Rs. 35,000 p.a. to Alia any deficiency to borne equally by Bhanu and Chand. Pass the necessary Journal entry for the above adjustments in the books of the firm. Show workings clearly. July 22, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
‘Complete the following Statement’: When a liability is discharged by a partner, at the time of dissolution, Capital Account is credited because__. (C.B.S.E. Sample Paper 2019) October 8, 2022
Give the meaning of ‘Subscribed and Fully Paid-up Capital. (C.B.S.E. Sample Paper 2013) September 28, 2022
The partners of a firm, Alia, Bhanu and Chand distributed the profits for the year ended 31st March, 2017, Rs. 80,000 in the ratio of 3 : 3 : 2 without providing for the following adjustments: (a) Alia and Chand were entitled to a salary of Rs. 1,500 each p.a. (b) Bhanu was entitled for a commission of Rs. 4,000. (c) Bhanu and Chand had guaranteed a minimum profit of Rs. 35,000 p.a. to Alia any deficiency to borne equally by Bhanu and Chand. Pass the necessary Journal entry for the above adjustments in the books of the firm. Show workings clearly. July 22, 2022
