CAKART
asked
Will somebody pls explain it for me? 1. Mr. Yogesh holder of 700 shares of Rs 100/ - each in KFC Ltd. whereupon 50 for every share had been rung yet he had paid just Rs 25 for each share. The Co. relinquished his shares and a short time later sold them to Kamlesh credited as Rs 50 for each share paid for Rs. 25000. The add up to be exchanged to captical hold is? Ans= 7500 2. M, N and O are accomplices sharing p&L in the proportion 3:2:1. P joins the firm and gets 2/tenth of partake in the proportion 1:1 from M and N. Ascertain new proportion. Ans= 12:7:5:6
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rakshita
answered
amt forfeited=rs 17500 amt utilzed on reissue= rs 10000 amt to be trans. to c/r = 17500 - 10000=7500
Reshmi commented
almost 3 years ago
Would you please explain the amount 10000
sumanta
answered
Howdy Jasmin..... Old Ratio is 3:2:1. Proportion od P = 2/10 i.e 1/10 from M and 1/10 from N New Ratio : M - 3/6*1/10 = 30-6/60 = 24/60 N - 2/6*1/10 = 20-6/60 = 14/60 O - 1/6 * 10/10 = 10/60 P - 2/10 * 6/6 = 12/60 New Ratio = 24:14:10:12 Devide by 2 12:7:5:6. Add up to offers forfieted = 700 * 25 = 17500 Cr adjust is share forfieture a/c Reissued 500 Shares @ 50Rs. Adjust offers we have close by is 200 *50 = 10000 Dr Balance in Share forfieture a/c 7500 will be Capital hold
sumanta
answered
Thank u so much......cud u pls fathom for me this also.... X ltd relinquished 400 shares of Rs 10/ - each completely rang, on which the holder paid just application cash of Rs 4/ - per share. Out of these 250 shares were reissued at Rs 12/ - per share completely paid up. Capital Reserve will be credited with? Ans = 1000
sumanta
answered
You are welcome. The answer is basic in this Forfieture record will have a credit adjust of 1600 cr (400*4) When 250 shares are re issued just 150 shares will be availabe for reissue. So the impart forfieture record will proceed to the adjust sum relating to 150 shares i.e 150*4 = 600 So 1600 Cr - 600 Dr the adjust of 1000 will be exchanged to Capital Reserve. Basic is (400*4 ) - (150*4) Difference will be exchanged to Capital Reserve. 1600-600 = 1000
