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

10153151 616441875107752 6844265409377433766 n CAKART asked almost 2 years ago

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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6 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rakshita answered almost 2 years ago

amt forfeited=rs 17500 amt utilzed on reissue= rs 10000 amt to be trans. to c/r = 17500 - 10000=7500

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Reshmi commented 6 months ago

Would you please explain the amount 10000

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 sumanta answered almost 2 years ago

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

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 sumanta answered almost 2 years ago

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

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 sumanta answered almost 2 years ago

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

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 shweta answered almost 2 years ago

Much obliged to you by and by !

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Debasish answered almost 2 years ago

Generally Welcome

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Similar Articles like 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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