Samacheer Kalvi twelfth Accountancy Entryway out-of someone A lot more Inquiries and you may Responses

Samacheer Kalvi twelfth Accountancy Entryway out-of someone A lot more Inquiries and you may Responses

Brand new funds proportion is actually determined in the course of entryway, by subtracting ……………… (a) Lose in the dated ratio (b) Old ratio regarding the lose (c) Give up in the the newest proportion Address: (a) Compromise from the dated proportion

  1. To help you situation completely paid down-upwards incentive offers into shareholders.
  2. To type regarding original expenditures of one’s people.
  3. To type off of the percentage paid down otherwise dismiss/exp on the issue of offers/debentures.
  4. To expend premium toward redemption of preference shares or debentures of company.

Matter step one. A buddies forfeited two hundred offers of ? 20 each, ? 15 for every single display contacted and this ? ten for each express got reduced. Administrators reissued all the forfeited offers. ? fifteen for every share paid up to your commission off ? ten for every. Give the diary records. Answer: Log Records

Question dos. A friends sacrificed two hundred shares from ? ten per completely titled up to have low – commission of your own very first label off ? 2/- for each express and you can latest call away from ? step 3 for every express. 120 ones offers was reissued within ? 6/- each display totally paid up. Allow the necessary entries. Answer:

Computation off Number Transfer to Money Set aside: No from offers x (Reissue rates – paid-up amount) = 120 x (six – 5) = 120 x step 1 = ? 120.

Around the world Ltd approved 6000 shares away from ? 100/- each on advanced regarding ? 20 for every express payable just like the pursue ? 30 to your Application ? 50 toward Allowance (including advanced) ? 30 towards Very first phone call and you can ? ten on the last phone call All offers was in fact properly licensed and money due was indeed obtained. Pass Log Entries. Answer: Log Entries

Concern 4. Sunlight Ltd considering getting registration 20,100000 offers regarding ? 10/- for each payable ? 2.50 when you look at the App ? 5 toward Allocation ? 3 into Basic name ? 2 towards the Last name Applications was in fact acquired getting 31,100000 shares. The application form for 5,one hundred thousand offers try refuted. App currency with other 5,100 shares was used toward amount due towards allotment. Ticket Record Records.

Matter 27. Anbu and you can Shankar are lovers from inside the a business discussing winnings and loss throughout the proportion out of 7 : 5. The bill layer of the partners on the is just as observe:

The fresh new money proportion was calculated during entryway, because of the deducting ……………… (a) Lose throughout the old ratio (b) Dated ratio regarding the sacrifice (c) Compromise on the the latest ratio Respond to: (a) Give up in the dated proportion

  1. Goodwill of one’s organization are cherished within ? 80,000 and you can Rajesh lead cash ? six,100000 getting their share from goodwill.
  2. Rajesh will be to bring ? step 1,50,100000 once the his financial support.
  3. Motor vehicle are valued in the ? 2,00,000; stock on ? step three,80,000 and you may debtors in the ? 3,50,100.
  4. Expected allege into workmen payment fund try ? ten,one hundred thousand
  5. Unrecorded financial support regarding ? 5,100 should be lead into account.

Question step 1. In the course of entry off a partner computation of new profit proportion was ……………… (a) not needed (b) required (c) elective Answer: (b) required

Matter dos. In the entry, undistributed profit or loss relocated to ……………… (a) The brand new Lovers just (b) Dated People merely (c) Most of the Partners Address: (b) Dated Partners simply

To get sacrificing proportion is going to be deducted of old share ……………… (a) Wearing express (b) The latest show (c) Neither of these two Address: (b) brand new express

Matter 4. An individual who is acknowledge for the company is named ……………… (a) Outgoing partners (b) Incoming spouse (c) Each other Address: (b) arriving mate

Concern step three

Question 5. During the time of admission of a unique companion the next is revalued ……………… (a) Property (b) Obligations (c) Both Address: (c) Each other

Concern eight. Towards entry off an alternate companion ……………… (a) Old corporation has to be dissolved (b) Old relationship should be demolished (c) One another old agency and you may relationship have to be demolished (d) None relationship nor corporation must be dissolved Respond to: (b) Old connection needs to be dissolved

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