Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Not yet answered Marked out of 2.00 P Flag question Bharat Electronics Ltd issued 100.000 equity shares of $10 each to the public at par.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Not yet answered Marked out of 2.00 P Flag question Bharat Electronics Ltd issued 100.000 equity shares of $10 each to the public at par. The details of the amount payal shares are as follows: Date Call per share 1st April, 2017 Application 2.00 1st June, 2017 Allotment 3.00 1st July, 2017 Final Call 5.00 1. If application monies were received on 120,000 shares: O a None Ob. From Capital Acc. 240,000 To Equity share Acc 240,000 OC From Capital ACC. 200.000 To Equity share Acc 200.000 From Equity share ACC 240,000 To Capital Acc 240.000 Question 8 Not yet answered Marked out of 2.00 P Flag question 2. Excess application monies were refunded immediately: O a. Capital 200,000 Premium 40,000 To Share Application Acc. 240,000 b. Share Application Acc. To Capital To Premium 240,000 200,000 40.000 O Share Application Acc. 40.000 To Premium 40.000 O d. None Question 9 Not yet answered Marked out of 2.00 P Flag question 3. Allotment Monies Refunded O a Share Allotment Acc. 360,000 To Capital 360,000 O b. None . Share Allotment Acc. 300.000 To Capital 300,000 Od Capital Acc. 300.000 To Share Allotment Acc. 300,000 Question 10 Marked Flag question Nor yet answered Marked out of 2.00 P Flag question 4. Allotment monies received: e a Capital Acc. 300,000 To Share Allotment Acc. 300.000 300,000 O b. Share Allotment Acc. To Capital Acc. 300.000 O Capital ACC 360,000 To Share Allotment Acc. 360,000 d. None Question 11 Not yet answered Marked out of 100 Flag question 5. Final Call Monies Refunded O a. Share Final Call ACC. 500,000 To Capital 500,000 O b. Share Final Call Acc. 360,000 To Capital 360,000 O Capital Acc. 600.000 To Share Final Call Acc. 600,000 O d. None Question 12 Not yet answered Marked out of 2.00 Flag question Question 12 Not yet answered Marked out of 2.00 P Flag question 6. Final Call monies received excepting final call money on 1,000 shares: O a. Capital Acc. 360,000 To Share Final Call Acc. 360,000 Ob. Capital Acc. 495,000 To Share Final Call Acc. 49500 300,000 O C. Share Final Call Acc. To Capital Acc. 300.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integral Audit Acceptions Objectives And Practices

Authors: David Pavón, Catalina Rueda

1st Edition

6206302083, 978-6206302087

More Books

Students also viewed these Accounting questions

Question

What lessons in OD contracting does this case represent?

Answered: 1 week ago

Question

Does the code suggest how long data is kept and who has access?

Answered: 1 week ago