Question

Q.1 Mr. B started a construction of HP on 1st Dec 2009
by borrowing loan of rupees1200000 @ 10%. Int construction hot complete
on 31st oct 2013 calculate
Int on PY 2014-15 also provted the amount to be
deduction as interest on loan. If it is let out property?
​

Answer 1

Explanation:

(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