Investment Company Ltd. shares of 7 100.000 and
X-shares of 20,000.
10. Ganesh Ltd. offered for subscription 40,000 equity shares of 10 each payable as an application:
74 on allotment and 3 on first and final call. Whole of the issue was underwritten by Mahesh for
a commission of 4%. Sub-underwriting contract was arranged with Yogesh for 30% of the fue at
a commission of 2%. The public applied for 32,000 shares. Both Mahesh and Yogest fulfilled their
obligations Later on Mahesh sold 2,000 shares at 79.90 each and the market value on the
Answers
Answer:
2018
March 3 Bought goods for cash of the list price of 80,000 at 10% trade discount and
2.5% cash discount.
5 Sold goods for cash of the list price of 1,00,000 at 15% trade discount and 3%
cash discount.
Sold goods to Nagpal of the list price of 50,000 at 20% trade discount.
8 Nagpal returned one-fourth of the above goods.
10 Nagpal settled the account by paying cash under2018
March 3 Bought goods for cash of the list price of 80,000 at 10% trade discount and
2.5% cash discount.
5 Sold goods for cash of the list price of 1,00,000 at 15% trade discount and 3%
cash discount.
Sold goods to Nagpal of the list price of 50,000 at 20% trade discount.
8 Nagpal returned one-fourth of the above goods.
10 Nagpal settled the account by paying cash under1
Q.4 Trader sales goods of the list price * 10,000 @5% trade discount and 2% Cash
discount, calculate the net amount, if the payment will be made in cash.
(a) * 10,000
(b) * 9,500
(c) 9390
(d) * 9,310.