Question

Q1. P Ltd. acquired 80% shares 1 point
of Q Ltd. on 1st Oct. 2014 The
balance of profit and loss
account and reserve in Q itd.
on 1st April 2014 were Rs.
80000 and 40000 respectively
and on 31st March 2015 were
Rs. 88000 and 50000
respectively. Find out capital
and revenue profits. पी लिमिटेड ने​

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