FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
PREDICT YOUR RANK!
Answer below questions and predict your rank
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

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 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

    0       0 Answer Now Comment Report
6 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

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

    1       0 Comment Report
Reshmi commented over 1 year ago

Would you please explain the amount 10000

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 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

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 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

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 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

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Much obliged to you by and by !

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Generally Welcome

    0       0 Comment Report
Get Notifications
Videos
Books
Notes
Loading
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.