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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 4601. |
Asoke das started a business with capital in cash |
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Answer» gujfodigkgdgdyofocugupgpuguc0uv |
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| 4602. |
Purchased goods from mitali worth rs 80000 at 10% trade discount and paid 25% in cash and 25% by cheque for which 10% cash discount is allowedpass journal entry for this |
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Answer» Answer: To mitali A/c 72000 To discountA/c 8000 cash dr 18000 To mitali A/c 18000
bank A/c dr 16200 discount allowed dr 1800 To mitali A/c 18000
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| 4603. |
Thesas3. Anita, Sunita and Kavita were partners in a business Sharing Profits and Losses inthe ratio of 2:2:1 respectively. Their Balance Sheet as on 31"'March, 2019 is as under.Balance Sheet as on 31st March, 2019LiabilityAmt (R)Amt () AssetsAmt ()Amt (6)Capital AlcPlant & Building55 800200Anita40.000 Investment30.000000Sunita40,000 Furniture16.000Kavita20.000 Debtors20.80000Creditors30 000 Less RDD80020.00000Bils Payable2.000 Bank8.20000Bank Loan8.000 Goodwill10 0001,40,0001,40,0000On 1st July 2019 Kavita died and the following adjustment were made.1All the Debtors were considered as good2A contingent liability for a compensation of 900 was provided3Investment were sold out in the market at 10% profit4Loan were paid off5Land and Building were depreciated by 800 and Furniture by * 11006Goodwill of the firm was valued at * 15000. It was to be raised in the Books7Kavita was entitled to get her share in the profit upto the date of her death Profit for2019-20 was estimated at 10.0008The amount due to kavitas executors was paid by NEFTPrepare Revaluation Account Partners Capital Account, Balance sheet of new firmAns: (Ans : Revaluation profit ? 1,000, Kavita's Executors Loan 21,700, BalanceSheet Total 1,17,700.) |
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Answer» zhhzshjvuvjjvhshshsbsnsnsnsnskskssisisss ssisusjvvhvjvssss svhvvhvchvxhvd ssshvhvvhs Explanation: ssmsmsmsmmsmsmsmsmsmmememdmemekeke ke cgghuhjvzsjgzusgzusgzg |
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| 4604. |
From the following information ,prepare a profit and loss account for the year ending 31st marchsalary 12000 carriage outward 2000repairs 300office expenses 500discount received 600apprentice premium 500depreciation 400gross profit 36000discount allowed 1200rent and rates 3200 ,stationary and printing 1000 ,electricity 700,insurance 700 ,interest on loan 450 ,miscellaneous receipts 850 ,bad debts 1200 |
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Answer» Answer: my all THINGS are been deleted if you want ANS please WHATSAPP me on 7020811135 |
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| 4605. |
) Differential piece ape ystem's father in(a) Taylor (b) limo (c) llaises |
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Answer» Explanation: There are five types of transport SYSTEMS in India: roadways, RAILWAYS, pipelines, WATERWAYS and AIRWAYS. |
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| 4606. |
Accountancy meaning in punjabi |
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Answer» ANSWER :- ਲੋਚਾਦਾਗੋ ( Lekhakari ) EXPLANATION :-
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| 4607. |
The accountant of FID has started to prepare the financial statements for the year ended 31 December 2016. The items included in the trial balance as at 31 December 2016 were as follows:ParticularsAmount (in ‘000)Land100Buildings120Plant and machinery170Accumulated depreciation of plant and machinery120Capital300Receivables197Payables110Inventory190Operating profit835% Loan notes180Cash at bank and in hand12Suspense (may be a debit or a credit balance)???Adjustments; The sales ledger control account figure, which is used in the trial balance, does not agree with the total of the sales ledger balances. A contra of $5,000 has been entered correctly in the individual ledger accounts but has been entered on the wrong side of both control accounts. The balance of $4,000 on sales returns account has inadvertently been omitted from the trial balance, though correctly entered in the ledger records. A standing order of receipt from a regular customer for $2,000, and bank charges of $1,000, have been completely omitted from the accounting records. The loan notes were issued on 1 September 20X6 and no payment of interest had been made by 31 December 20X6.Prepare Prepare a trial balance as at 31 December 2016 and identify the balance on the suspense account. Prepare the journal entries to correct the suspense account balance. Calculate the accrual required for interest on the 5% loan notes. State the journal adjustment required to account for the standing order receipt and thebank charges omitted from the accounting records. Prepare the final accounts (i.e., statement of profit or loss and statement of financialposition) as on 31-12-2016. |
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Answer» Answer: The accountant of FID has started to prepare the financial statements for the year ended 31 December 2016. The items included in the trial balance as at 31 December 2016 were as follows: Particulars Amount (in ‘000) Land 100 Buildings 120 Plant and machinery 170 Accumulated depreciation of plant and machinery 120 Capital 300 Receivables 197 Payables 110 Inventory 190 Operating profit 83 5% Loan notes 180 Cash at bank and in hand 12 Suspense (may be a debit or a credit balance) ??? Adjustments; The sales ledger control account figure, which is used in the trial balance, does not agree with the total of the sales ledger BALANCES. A contra of $5,000 has been entered correctly in the individual ledger accounts but has been entered on the wrong side of both control accounts. The balance of $4,000 on sales returns account has inadvertently been omitted from the trial balance, though correctly entered in the ledger records. A standing order of receipt from a regular customer for $2,000, and bank CHARGES of $1,000, have been completely omitted from the accounting records. The loan notes were issued on 1 September 20X6 and no payment of interest had been made by 31 December 20X6. Prepare Prepare a trial balance as at 31 December 2016 and identify the balance on the suspense account. Prepare the journal entries to correct the suspense account balance. CALCULATE the accrual required for interest on the 5% loan notes. State the journal adjustment required to account for the standing order receipt and the bank charges omitted from the accounting records. Prepare the final accounts (i.e., statement of profit or loss and statement of financial position) as on 31-12-2016. |
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| 4608. |
23. गुणनफल विधि से आहरण पर ब्याज की गणना का सूत्र लिखिए।Write the formula of calculating interest on drawings by Product Method.संलेख की लेखांकन से सम्बन्धित कोई चार मदें लिखिए।2 |
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Answer» Explanation: cnxpfkxjxbsgffls |
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| 4609. |
2020 Nov 1 Started business with Rs 200000 Nov 2 Purchased furniture for ₹10000 Nov 3 Purchased machinery for ₹20000 on credit from RK store Nov 5 Sold shirts for cash ₹7,000 to Hari Nov 7 Withdraw from bank for office use ₹20000 Nov 10 Paid cash to Ram repairs ₹10000 for repairs Nov 15 Loan received from ABC bank for ₹50000 Nov 16 Hari returns the defective shirts for ₹200 Nov 19 Purchased cloth for ₹ 30000 on credit from RK store Nov 20 Paid salary ₹10000 in advance Find the trial balance |
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Answer» Answer: 200000 NOV 2 Purchased ... 2020 Nov 1 Started business with Rs 200000 Nov 2 Purchased furniture for ₹10000 Nov 3 Purchased MACHINERY for ₹20000 on credit from RK store Nov 5 Sold shirts for cash ₹7,000 to Hari Nov 7 Withdraw from bank for office use ₹20000 Nov 10 Paid cash to Ram repairs ₹10000 for repairs Nov 15 Loan received from ABC bank for ₹50000 Nov 16 Hari returns the defective shirts for ₹200 Nov 19 Purchased cloth for ₹ 30000 on credit from RK store Nov 20 Paid salary ₹10000 in advance Find the trial balance from brainly.in 14-Dec-2020 · 2 answers 2020 Nov 1 Started business with Rs 200000 Nov 2 ... from RK store Nov 5 Sold shirts for cash ₹7,000 to Hari Nov 7 |
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| 4610. |
What are the contents of profit and loss account |
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Answer» Answer: A profit and loss account will INCLUDE your credits (which INCLUDES turnover and other income ) and deduct your DEBITS (which includes allowance , cost of sales and OVERHEADS ) .These are USED to find your bottom line figure either your net profit or your net loss. |
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| 4612. |
SMALLHOTEL- Have 10 rooms. On an average 6 were occupied. Each room is priced at Rs. 5,000 per day- A meal is priced at Rs. 200 per meal. We get 50 clients per day.- The raw material cost is Rs. 80 per meal '10%' cost of fuel is Rs. 10 per meal- Electricity, water and rent is Rs. 12,000 per month- We employ 3 people, each paid Rs. 10,000 per month- The cost of setting up is Rs. 500,000 and it will last me 10 years. '*100,000' is your capital. Rest is debt at '*' p.a.- Calculate PNL and prepare a balance sheet. |
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Answer» Answer: 5 days ago — Each room is priced at Rs. 5000 per DAY- A meal is… ... We GET 50 clients per day.- The raw material cost is Rs. 80 per meal '10%' cost of fuel is Rs. 10 per meal- ... |
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| 4613. |
Cash received from mohan 60000 for final payment give entries. |
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Answer» MOHAN a/c dr 600000 To CASH a/c cr 60000 (being Cash RECEIVED from Mohan) |
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| 4614. |
(i) ਪੇਗੀ ਿਵੱਚ ਪਾਪਤ ਕੀਤੀ ਚੰਦੇ ਦੀ ਰਾਸ਼ੀ …………?a) ਦੇਣਦਾਰੀ ਹੈ। b) ਆਮਦਨੀ ਹੈ c) ਖਰਚਾ ਹੈ d) ਸੰਪਤੀ ਹੈ |
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Answer» the answer is (B) aamdani |
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| 4616. |
X B and C share profit and losses in the ratio of 6:5:3. Dis admitted into partnership for 1/8Share The sacrificing ratio of A:B.C is |
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Answer» TWINS are two offspring produced by the same pregnancy. Twins can be EITHER monozygotic, meaning that they DEVELOP from one zygote, which splits and forms two embryos, or dizygotic, meaning that each twin develops from a separate egg and each egg is FERTILIZED by its own SPERM cell. |
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| 4617. |
On 1st April, 2018 Lala Saheb makes sales to Gulzar Saheb Tor 20,000and in return receives a bill of exchange payable after three months. Ondue date bill is not paid and Lala Saheb paid noting charges ? 100.Record in the books of Lala Saheb. |
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Answer» Answer: The FOREST minister said to the people,grow more TREES and get BETTER LIFE |
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| 4618. |
K L And Z are partner 4:3:2 L retired and surrendered 1/9th of his share to K and remaining favour of Z calculate the new profit sharing |
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Answer» so, here 1/9th of 3/9 will be ADDED to K 4/9+3/81=39/81 Remaining I.e 2/9 of 3/9 to Z so, 2/9+6/81= 24/81 So, NEW ratio will be 39:24 keep learning... |
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| 4619. |
What is inter firm analysis |
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Answer» Answer: Inter firm comparison means a comparison of two or more similar BUSINESS UNITS with the OBJECTIVE of FINDING the competitive position to improve the profitability and PRODUCTIVITY of those business units. |
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| 4620. |
Kk Ltd. set on voyage from calcutta to bombay. on 31st december,the accounts were to be closed, the returned voyage had not been completed.You are required to prepare a voyage account with the help of following information fright = 500000,coal consumption= 80000,stores consumed = 40000,salaries of crew = 25000,depreciation=40000,primage= 10%,commission=5%only 150,000 fright was available on return journey |
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Answer» Answer: Explanation: |
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| 4621. |
Trase the following transactions under traditional Approach in following formAmountDebit/CreditName of theRule of the AleHend of the ANature of the eNOa. Purchased furniture for 20,000.1. Cash paid to Madan our creditor 210.000.c. Cash deposited in bank 25.000d. Rent paid 8.000.e Commission received 3.000. |
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| 4622. |
< Analyze the following transactions under Modern Approach in following formName of theIncrease (or)S.NONature of the Ale Rule of the AlcAccountsDecreaseDebit CreditAmounta. Purchased furniture for 20.000b. Cash paid to Madan our creditor 210.000.c. Cash deposited in bank 5.000.d. Rent paid 8.000.e. Commission received 3.000. |
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| 4623. |
3. Identify following accounts under Modern Approach and Traditional Approach in the following form.Modern ApproachTraditional ApproachS. NOName of the A/C1. Machinery.2. Salaries.3. Loan from SBI.4. Interest Received A/c.5. Madhu A/c (Customer) |
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Answer» jdjjfnrajjfjsjfbsjfjjsjc |
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| 4624. |
Sahil, the proprietor of the business uses goods worth Rs.5,000 for household purposes. It will be posted to:A Credit side of Purchases A/cB Credit side of Capital A/cC Debit side of Purchases A/cD Credit side of Sales A/c |
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| 4625. |
Xix) Sold goods to Mr. A for Rs. 300000 less Trade discount@ 10%, Plus CGST and SGST @ 9% each. Received30% payment by cheque immediately and allowed 2%cash discount. The ammount of Cash Discount allowedwill be-A) Rs. 1620(B) Rs. 600C) Rs. 5400(D) None of these |
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Answer» None of these Explanation: SALE price = 3 LAC less TRADE discount (30,000) = 2,70,000 CGST & SGST = 9% x 2,70,000 = 24,300 each Total money due from customer = 2,70,000 + 24,300 + 24,300 = 3,18,600 Paid by cheque = 30% of 3,18,600 = 95,580. Balance = 2,23,020. Cash discount on balance amount = 2% of 2,23,020 = 4,460.40 |
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| 4626. |
It is said “Cost accounting is a system of foresight and not a post-mortemexamination, it turns losses into profits, speeds up activities and eliminates wastes”. Discuss this statement. 10+1 |
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Answer» NAME any FOUR international airports of India. Solution: |
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| 4627. |
Plz solve this common size statement of profit |
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| 4628. |
The bone having no medullary cavity? |
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Answer» Answer: The interior part of the long bone is the medullary cavity with the inner core of the bone cavity being composed of marrow. Flat bones have broad surfaces for PROTECTION or muscular attachment. Flat bones are composed of two THIN layers of COMPACT bone that surround a layer of cancellous (spongy) bone. However, the medullary cavity is the area inside any bone (long, flat, etc.) that holds the bone marrow. This area is involved in the formation of red blood cells and white blood cells, and the calcium supply for BIRD EGGSHELLS. The area has been detected in fossil bones despite the fossilization process. |
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| 4629. |
bought goods from jacob brothers limited excluding cartage of 500 cartage was paid by the firm on behalf of jacob brothers limited rs 10000. |
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Answer» Answer: BOUGHT goods from Jacob brothers limited excluding CARTAGE of 500 cartage was PAID by the FIRM on behalf of Jacob brothers limited RUPEES 10000. |
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| 4630. |
The example of accounting policy is___ |
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Answer» Explanation: Accounting policies are PROCEDURES that a company uses to PREPARE FINANCIAL statements. ... Accounting policies may be used to manipulate EARNINGS legally. A company's choice in accounting policies will indicate whether management is aggressive or conservative in reporting its earnings |
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| 4631. |
A,Band c share the profits and losses in the ratio of 3:2:1.D is admitted.He gets 1/6th share entirely from A.calculate new profit sharing ratio |
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Answer» Answer: I am pro in pubg lite I'd is KUNAL×JAAT× Explanation: |
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| 4632. |
Purpose of savings accouts |
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Answer» PLZ MARK me as the BRAINLIEST |
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| 4633. |
Purpose of savings accouts steps |
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Answer» Answer: Can u rewrite it CLEARLY please.... please MARK this as the BRAINLIEST COZ i need to level up... |
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| 4634. |
16 Prepare Trading Account for the year ended 31" March 2020 from the following balancesAmount (Rs.)Amount (Rs.)Stock as on 01.04.20191,00,000Purchases10,00,000Wages50,000Carriage Inwards10,000Sales15,50,000 Returns Inward50,000Return Outward80,000Freight5,000 |
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Answer» nizabdubwsuvqiyzvqyosve2ouhduowqhupqebdu0whd8wjsuahdiqndiwhfnonnl nonnl |
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| 4635. |
Can anybody solve this problem for me |
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Answer» SORRY no answer MARK me as BRAINLIEST and FOLLOW me |
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| 4636. |
explain the treatment of GST in the following cases: (a) outstanding expenses (b) prepaid expenses (c) income earned but not received (and) income received in advance |
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Answer» Explanation: Outstanding Expenses Sometimes in the normal COURSE of BUSINESS, an enterprise may have some expenses relating to which the payment is DUE at the end of the year. We know these expenses as Outstanding Expenses. Wages, salary, rent, interest on the LOAN, etc. are examples of such expenses that may remain due at the end of the accounting year. |
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| 4637. |
Two components A and B are used as follows:Normal usage60 per week eachMinimum usage30 per week eachMaximum usage90 per week eachRe-order quantityA: 500; B: 800Re-order periodA:3 to 5 weeks ; B:2 to 4 weeksCalculate for each component : (a) Re-order level; (b) Minimum level ; (c) Maximum level : and(d) Average stock level.Comment briefly on the difference in the levels for the two components.Solution |
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| 4638. |
On 1st April 2016, Chaudhary Harpal Singh purchased a Tractor of thecash price of Rs. 2,20,000 on hire-purchase system from Escorts Ltd. Rs.20,000 were paid immediately and the balance in 4 annual installments ofRs. 50,000 each with interest at 8% per annum. The depreciation is to becharged at 10% p.a. on written down value method. Harpal Singh paid 2installments and failed to pay the third installment. Escorts Ltd. took awaythe tractor by paying him Rs. 90,000 in cash. Make necessary ledgeraccounts in the books of Harpal Singh. Books are closed on 31" Marchevery year. |
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Answer» Don't No........ ............ |
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| 4639. |
Calculate due date of bill:1st January,2018for 3 months |
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Answer» The TOTAL bill is 45780 rs. |
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| 4640. |
In a certain code PSYCHOLOGY is written as BMKNODJDFK, then how can GEOGRAPHY be written in that code ?(a) QKFXZTQBT (b) FDXTZQBKF (c) FXDFZTBQKso I watch for the answer and lot of people answer it (c) but when I check on my book the answer is (b) can someone explain this ?I am confused... |
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Answer» (C) FXDFZTBQLK PLEASE FOLLOW ME |
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| 4641. |
Write any for differce between cash discount and trade discount |
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Answer» Answer: Trade DISCOUNT is given on the catalogue PRICE of the goods while the cash discount is given on the INVOICE price. Trade discount is granted with the aim of increasing the sales in BULK quantity Cash discount is granted to facilitate a quick payment. A trade discount is SHOWN as a deduction in the invoice. |
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| 4642. |
Write any four basic factors affecting depreciation |
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Answer» There are four MAIN factors that affect the calculation of depreciation expense: asset COST, SALVAGE value, useful life, and OBSOLESCENCE. |
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| 4644. |
the interest accured on investment appears in the balancesheet under the head (current assets, fixed assets,loan&advance,investment) |
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Answer» the the the the only ONE of the |
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| 4645. |
From the following balance sheet of Powerful Ltd. as at 31st March ,2019 and additional information , prepare a Cash Flow Statement : 6Particulars Note31st March ,201931st March ,2018Equity and LiabilitiesShareholder’s Funds Share capitalReserves and surplusNoncurrent LiabilitiesLong term borrowings Current LiabilitiesShort term borrowingsShort term provisionsTotalAssetsNon Current assetsFixed assets :Tangible assets Intangible assets Noncurrent investmentsCurrent Assets Current Investments InventoriesCash and cash equivalentsTotal12345672,25,00062,5001,12,50037,50050,0004,87,5003,66,25025,00037,50010,00030,50018,2504,87,5001,75,00025,00087,50018,75031,2503,37,5002,28,75037,50025,00017,50018,00010,7503,37,500Notes on accountsParticulars31st March, 201931st March ,2018Reserve and surplusSurplus, i.e. balance in statement of profit and lossLong terms borrowings12 % debentures Short term borrowingsBank overdraftsShort term provisionsProvision for taxTangible assets MachineryLess : Accumulated depreciationIntangible assets Goodwill62,5001,12,50037,50050,0004,18,75052,5003,66,25025,00025,00087,50018,75031,2502,63,75035,0002,28,75037,500Additional Information : Rs 25,000, 12 % debentures were issued on 31st march ,2019.During the year a piece of machinery costing Rs 20,000 , on which accumulated depreciation was Rs.10,000 , was sold at a loss of Rs.2,500Provision for tax made during the year Rs 40,000. Dividend declared and paid during the year Rs.60,000. |
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| 4646. |
10.1 MULTIPLE CHOICE QUEIn fire insurance businesspercentage of premium income is carried forward asprovision for and the balance is transferred to profit and loss account.(a) 100% |
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Answer» Answer: 100% in any fire accident insurance COMPANY will PROVIDE 100% PROVISION for LOSS |
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| 4647. |
On 5th March 2019, Mehta Brothers received 100% advance for goods, to be supplied in the next month. The Cost of the goods was Rs50000. They usually sells the goods at 10% mark up. |
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Answer» nbbbvbbnnr DAY d fbfbfbfbdb ndndndnfnfdmdmndfnfn ndnxnc ndndndndnsknchfjfhfjgjyjtjfjskdhrhfhfhfhfjnghjfjfjjtjfjfjfjgjtjtjfjgjggjgnfngmfkdmbgfjfjfkfifj ndndndnfnfdmdmndfnfn ndnxnc ndndndndnsknchfjfhfjgjyjtjfjskdhrhfhfhfhfjnghjfjfjjtjfjfjfjgjtjtjfjgjggjgnfngmfkdmbgfjfjfkfifj ndndndnfnfdmdmndfnfn ndnxnc ndndndndnsknchfjfhfjgjyjtjfjskdhrhfhfhfhfjnghjfjfjjtjfjfjfjgjtjtjfjgjggjgnfngmfkdmbgfjfjfkfifj ndndndnfnfdmdmndfnfn ndnxnc ndndndndnsknchfjfhfjgjyjtjfjskdhrhfhfhfhfjnghjfjfjjtjfjfjfjgjtjtjfjgjggjgnfngmfkdmbgfjfjfkfifj ndndndnfnfdmdmndfnfn ndnxnc ndndndndnsknchfjfhfjgjyjtjfjskdhrhfhfhfhfjnghjfjfjjtjfjfjfjgjtjtjfjgjggjgnfngmfkdmbgfjfjfkfifj ndndndnfnfdmdmndfnfn ndnxnc ndndndndnsknchfjfhfjgjyjtjfjskdhrhfhfhfhfjnghjfjfjjtjfjfjfjgjtjtjfjgjggjgnfngmfkdmbgfjfjfkfifj ndndndnfnfdmdmndfnfn ndnxnc ndndndndnsknchfjfhfjgjyjtjfjskdhrhfhfhfhfjnghjfjfjjtjfjfjfjgjtjtjfjgjggjgnfngmfkdmbgfjfjfkfifj ndndndnfnfdmdmndfnfn ndnxnc ndndndndnsknchfjfhfjgjyjtjfjskdhrhfhfhfhfjnghjfjfjjtjfjfjfjgjtjtjfjgjggjgnfngmfkdmbgfjfjfkfifj ndndndnfnfdmdmndfnfn ndnxnc ndndndndnsknchfjfhfjgjyjtjfjskdhrhfhfhfhfjnghjfjfjjtjfjfjfjgjtjtjfjgjggjgnfngmfkdmbgfjfjfkfifj ndndndnfnfdmdmndfnfn ndnxnc ndndndndnsknchfjfhfjgjyjtjfjskdhrhfhfhfhfjnghjfjfjjtjfjfjfjgjtjtjfjgjggjgnfngmfkdmbgfjfjfkfifj ndndndnfnfdmdmndfnfn ndnxnc ndndndndnsknchfjfhfjgjyjtjfjskdhrhfhfhfhfjnghjfjfjjtjfjfjfjgjtjtjfjgjggjgnfngmfkdmbgfjfjfkfifj ndndndnfnfdmdmndfnfn ndnxnc ndndndndnsknchfjfhfjgjyjtjfjskdhrhfhfhfhfjnghjfjfjjtjfjfjfjgjtjtjfjgjggjgnfngmfkdmbgfjfjfkfifj ndndndnfnfdmdmndfnfn ndnxnc |
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| 4648. |
Where does acceptances receive appear in balance sheet as per schedule III |
Answer» here's your answer ⭐⚡Sometimes it isn't ENOUGH to just throw together a few numbers on a balance SHEET. ... Supporting SCHEDULES are additional details about balance sheet entries that are MADE as supplements. They help BREAK down general categories of assets and liabilities into more detail. Typically, they are provided in the form of tables.⚡
hope it helps youthanks ☺️ |
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| 4649. |
the capital structure of the company consist of 20000 equity share of rs 10 each fully paid up and 1000 8% preference shares of rs 100 each fully paid up. general reserve rupees 80000 profit and lose account rupees 10000 investment allowance reserve rupees 10000( out of which rupees 5000 is not free for distribution as dividend) securities premium rupees 12000 and the had cash in bank rupees 98000.the preference shares were to be redeemed at a premium of 10% the director of the company decided to make fresh issue of equity share at par after utilizing the undistributed reserve and surplus subject to the condition that rupees 20000 should be retain in the general reserve and it should be utilised. pass journal entries for redemption of preference share? |
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Answer» The capital STRUCTURE of a COMPANY consists of 20,000 Equity Shares of `10 each fully PAID up and 1,000 8% REDEEMABLE Preference Shares |
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| 4650. |
Shadowrudra humko bhul gaya hai...... ☹ |
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Answer» TYSM!!!!(◕ᴗ◕✿)(◕ᴗ◕✿)(◍•ᴗ•◍)❤(◍•ᴗ•◍)❤ ................... |
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