Question

25
5रवि
The Trial Balance of x Ltd shows the
fallacoing balances
Share Capital of rup to
70,000
Resore & Surplus
30.000
External Liabilities
50,000
Sundry Assets
I,Sorooo
The Normal rate of Company is lon Comment
upon Capitalisation position if oxpected earnings are (i) Rup 8000 (ii) rup 125000 or(iii) rup 10000

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Answer 1

Answer:

(Both Classes of Shares/Cash Book) Y Ltd. was formed with an authorised capital

* 40,00.000 divided into 3,00,000 equity shares of 10 each and 10,000 Preference shares

* 100 each. Both classes of shares were issued to the public in full and they are to be pa

Preference shar

follows:

Equity shares

Application

20 percent

Allotment

30 percent

First call

50 percent

Second call

All the calls were made and in due course the money were received in full. Give

necessary journal entries and prepare Cash Book.

25 perc

25 perc

25 perc

25 perc