What is the number of major heads of the Equity and Liabilities side of a Company’s Balance Sheet? Post category:Accountancy Reading time:1 mins read SOLUTION Four. 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 the number of major heads of the Assets side of a Company’s Balance Sheet? Next PostHow are the assets and liabilities of a Company usually marshalled? 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 Pass Journal entries in the following cases? (a) Expenses of realisation Rs. 1,500. (b) Expenses of realisation Rs. 600 but paid by Mohan, a partner. (c) Mohan, one of the partners of the firm, was asked to look into the dissolution of the firm for which he was allowed a commission of Rs. 2,000. (d) Motor car of book value Rs. 50,000 taken over by Creditors of the book value of Rs. 40,000 in full settlement. July 25, 2022 Give any two points of distinction between a Share and a Debenture. September 29, 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
Pass Journal entries in the following cases? (a) Expenses of realisation Rs. 1,500. (b) Expenses of realisation Rs. 600 but paid by Mohan, a partner. (c) Mohan, one of the partners of the firm, was asked to look into the dissolution of the firm for which he was allowed a commission of Rs. 2,000. (d) Motor car of book value Rs. 50,000 taken over by Creditors of the book value of Rs. 40,000 in full settlement. July 25, 2022
