Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Shubham Limited invited applications for 1,00,000 equity shares of rupees 10 each at a premium of 2 rupees per share payable as follows: on application 2.50 rupees, on allotment 4.50 rupees (including premium), on first call 2.50 rupees and on final call 2.50 rupees per share.Applications were received for 1,50,000 shares and shares were allotted pro-rata to the applicants for 1,20,000 shares and remaining applications were rejected.A, who was allotted 200 shares could not pay the sum due on allotment.Shares held by him were forfeited on his failure to pay the first call. B, holding 300 shares, could not pay the two calls. The company forfeited his shares after the final call was made.
Question 1: Pass journal entries for forfeiture and re-issue in the books of Shubham Limited
1.which of the following characteristics may result in the classification of a liability being changed from current to
Coronado Industries decided to redeem the bonds on January 1, 2017, what amount of gain or loss would Coronado report on its 2017 income statement
Sealing's marketing director has assessed demand for the three types of storage units and believes that the firm can sell as many units as it can produce.
The firm estimates total direct labor cost for the year to be $2,127,500. Compute the firm's predetermined overhead rate
Vaughn Company had a beginning inventory on January 1 of 200 units of Product 4-18-15 at a cost of $20 per unit. Determine the cost of goods available for sale
Dan Watson started a small merchandising business in 2016. Purchased inventory for $25,600 cash. What is the amount of net cash flow from operating activities
the following standard costs were developed for one of the products of ferrars companystandard cost card per
on july 12014 xyz company a calendar year company sold special order merchandise on credit and received in return an
a local municipality is planning to convert some vacant acreage into a community park. the land has acted a a funnel
Soft Lens, Inc., has enjoyed rapid growth in sales and high operating profits on its innovative extended-wear soft contact lenses. However, the company faces potentially fierce competition from a host of new competitors as some important basic pat..
a. How much can the company afford to pay in dividends next year? b. Now assume that the firm actually pays out $1.00 per share in dividends next year. The current cash balance of the firm is $150,000. How much will the cash balance of the firm be..
in parts i pp.245-247 and ii pp. 287-288 of this case you performed preliminary analytical procedures and assessed
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd