Скачать или смотреть Issue of Shares (Important Questions Series) T.S.Grewal Class 12 Accounts Que-36&37 Session 2025-26

Issue of Shares (Important Questions Series) T.S.Grewal Class 12 Accounts Que-36&37 Session 2025-26

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36. Usha Ltd. was formed with a capital of 10,00,000 divided into shares of 100 each. It offered 90% shares to public for subscription. The amount per share was payable as 40% on application, 20% on allotment and the balance on first and final call. The applicants paid 3,60,000 on application and 1,69,000 on allotment.

The call has not yet been made. Calculate:

(a) Authorised Capital, (b) Issued Capital, (c) Subscribed Capital, (d) Called-up Capital, (e) Paid-up Capital, and (f) Calls-in-Arrears.

[Ans.: (a) 10,00,000; (b) ₹ 9,00,000; (c) ₹ 9,00,000; (d) ₹5,40,000; (e) 5,29,000; (f) ₹11,000.]

37. Random Ltd. took over running business of Mature Ltd. comprising of Assets of 45,00,000 and Liabilities of 6,40,000 for a purchase consideration of 36,00,000. The amount was settled by bank draft of 1,50,000 and balance by issuing 12% Preference Shares of 100 each at 15% premium. Pass entries in the books of Random Ltd.

(CBSE Sample Question Paper 2023)

[Ans.: No. of Preference Shares issued = 34,50,000+115=30,000 shares.]

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