What is meant by ‘Capital Reserve’? Post category:Accountancy Reading time:1 mins read SOLUTION Capital reserve is that reserve which is created out of capital profits. 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 PostIs reserve capital a, part of ‘Unsubscribed Capital’ or ‘Uncalled Capital’. (C.B.S.E. 20 I8) Next PostWhat is meant by ‘Private Placement of Shares’? (C.B.S.E. 2019) You Might Also Like JCV Ltd., forfeited 200 shares of Rs. 10 each issued at a premium of Rs. 2 per share for the non-payment of allotment money of Rs. 3 per share (including premium). The first and final call of Rs. 4 per share has not been made as yet. 50% of the forfeited shares were reissued at Rs. 8 per share as fully paid-up. Pass necessary Journal entries for the forfeiture and reissue of shares. July 15, 2022 Retirement or death of a partner wilt create a situation for the continuing partners, which is known as: (a) Dissolution of Partnership. (b) Dissolution of Partnership Firm; (c) Winding up of business. (d) None of these. (C.B.S.E. Sample Paper 2020) October 8, 2022 Amit and Sumit entered into partnership on 1st April, 2021 contributing Rs. 1,50,000 and Rs. 2,50,000 respectively towards capital. The Partnership Deed provided for interest on capital @ 10% p.a. It also provided that Capital Accounts shall be maintained following Fixed Capital Accounts method. The firm earned net profit of Rs. 1,00,000 for the year ended 31st March 2022 . Pass the Journal entry for interest on capital. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
JCV Ltd., forfeited 200 shares of Rs. 10 each issued at a premium of Rs. 2 per share for the non-payment of allotment money of Rs. 3 per share (including premium). The first and final call of Rs. 4 per share has not been made as yet. 50% of the forfeited shares were reissued at Rs. 8 per share as fully paid-up. Pass necessary Journal entries for the forfeiture and reissue of shares. July 15, 2022
Retirement or death of a partner wilt create a situation for the continuing partners, which is known as: (a) Dissolution of Partnership. (b) Dissolution of Partnership Firm; (c) Winding up of business. (d) None of these. (C.B.S.E. Sample Paper 2020) October 8, 2022
Amit and Sumit entered into partnership on 1st April, 2021 contributing Rs. 1,50,000 and Rs. 2,50,000 respectively towards capital. The Partnership Deed provided for interest on capital @ 10% p.a. It also provided that Capital Accounts shall be maintained following Fixed Capital Accounts method. The firm earned net profit of Rs. 1,00,000 for the year ended 31st March 2022 . Pass the Journal entry for interest on capital. July 21, 2022