Vishal Ltd forfeited 2,000 equity shares of Rs 10 each, issued at a premium of Rs 5 per share, held by R for non-payment of the final call of Rs 3 per share. Out of these, 100 shares were re-issued to V at a discount of Rs 4 per share. Pass necessary journal entries.

X Ltd invited applications for 10,000 shares of Rs10 each. Applications were received for 15,000 shares. Name the kind of subscription. Give three alternatives for allotting shares.

Satish is interested in investing in Data Unlimited, a company providing 4G services.However, before investing, his financial advisor who undoubtedly is his wife, advises him to go through the financial statements of the company.Satish falls under which category of user?

Under which major sub-headings the following items will be placed in the Balance Sheet of a company as per Schedule III Part I of the Companies Act 2013:(i)Cheques in hand
(i)Cheques in hand
(ii)Stock of work-in-progress
(iii)Copyrights
(iv)Loan of Rs.1,00,000 payable after three years
(v)Short term deposits payable on demand
(vi)Negative balance shown by the statement of profit and Loss
(vii)Land
(viii)Cash at Bank

Life machine tools Limited, issued 50,000 equity shares of Rs 10 each at Rs 12 per share, payable at to Rs 5 on application (including premium), Rs 4 on allotment and the balance on the first and final call.
Applications for 70,000 shares had been received. Of the cash received, Rs 40,000 was returned and Rs 60,000 was applied to the amount due on allotment, the balance of which was paid. All shareholders paid the call due, with the exception of one share holder of 500 shares. These shares were forfeited and reissued as fully paid at Rs 8 per share. Journalise the transactions.

Following balances have been extracted from the books of Vardhman Ltd on 31st March 2015.Equity share capital (2,00,000 equity shares of Rs 10 each) Rs 20,00,000. securities premium reserve Rs 4,00,000, 12% debentures Rs 10,00,000, creditors Rs 4,00,000, proposed divident Rs 1,00,000, surplus, i.i. balance in statement of profit and loss (debit) Rs 1,00,000, land and building Rs 18,00,000, government bonds Rs 10,00,000, capital work-in-progress(building) Rs 7,00,000, discount on issue of 12% debentures Rs 2,00,000, cash at bank Rs 1,00,000.Debentures were issued on 1st April, 2014 redeemable after 5 years, i.e. on 31st March 2019.Surplus, i.e. balance in statement of profit and loss is before writing off discount on issue of debentures.
Prepare the balance sheet of the company as per Schedule III, Part I of the Companies Act, 2013.
Identify the value involved in the presentation of balance sheet.

From the following information, prepare the relevant notes to accounts.

Depreciate buildings @ 5%, plant and equipment @ 20%, furniture and fixtures @ 10%, brands @ 10% and computer software @ 60%.

Draw notes to accounts for change in inventories of Kartik Ltd for the year ended 31st March 2015 from the following information and determine the amount that will be shown in the statement of profit and loss against change in inventories of finished goods, work-in-progress and stock-in-trade.

Shyam Ltd. invited applications for issuing for issuing 80,000 Equity shares of Rs.10 each at a premium of Rs.40 per share. The amount was payable as follows:
On Application Rs.35 per share (including Rs.30 Premium)
On Allotment Rs.8 per share (including Rs.4 Premium)
On First and Final Call - Balance
Applications for 77,000 shares were received. Share were allotted to all the applicants. Sundram to whom 7,000 shares were alloted failed to pay the allotment money. His shares were forfeited immediately after allotment.  Afterwards the first and final call was made. Satyam the holder of 500 shares faled to pay the final call. His shares were also forfeited . Out of the forfeited shares 1,000 shares were re-issued at Rs.50 per share fully paid up. The re-issued shares includedall the shares of Satyam.
Pass necessary Journal Entries for the above transactions in the books of Shyam Ltd.

DP Shah Company Ltd made an issue of 1,00,000 equity shares of Rs 10 each at a premium of 30% payable as follows

On application Rs 3.50 per share, on allotment Rs 6.50 per share, balance on first and final call.

Applications were received for 2,00,000 equity shares and the directors made pro-rata allotment. Harsh, who had applied for 1,600 shares did not pay the allotment and final call money, as a result his shares were forfeited. Later on, 60% of the forfeited shares were re-issued at Rs 8 per share fully paid-up.

Pass necessary journal entries for the mentioned transactions in the books of the company.

In the question given above, determine the amount that will be shown in the statement of profit and loss against change in inventories of finished goods, work-in-progress and stock-in-trade.

Securities Premium Reserve collected by the company can be used for:

In case of private placement of shares to raise the amount of capital, a company:

Which of the following statement is true:

The minimum share application money is:

Share allotment is a:

When shares issued are 10,000 but applied shares are 8,000 then it is a case of:

Other name for registered capital is:

Shareholders are the:

Interest on calls in advance is:

Balance of forfeiture a/c after the shares have been re-issued is transferred to: