Following amounts were payable on issue of shares by a company: ₹3 on application, ₹3 on allotment, ₹2 on first call and ₹2 on final call. X holding 500 shares paid only application and allotment money whereas Y holding 400 shares did not pay final call. Amount of Calls in arrears:

X, Y and Z are partners who decided to dissolve their firm. Realisation expenses were to be borne by Y for which he was to be given remuneration of ₹ 10,000. Actual expenses were ₹ 12,000. How much amount will be transferred to Y's Capital A/c for it?

E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis. The amount payable on application was ₹2. F applied for 420 shares. The number of Shares allotted and amount carried forward for adjustment against allotment money due from F will be:

A firm is dissolved, Param, a partner is to carry out dissolution for which he will get ₹ 5,000, including expenses. Realisation expenses were ₹ 2,500. Realisation Account will be debited by:

A company issued 4000 equity shares of ₹10 each at par payable as under: Application | Allotment | First Call | Final Call ₹3 | ₹2 | ₹4 | ₹1 Applications were received for 10,000 shares. Allotment was made on pro-rata basis. How much amount will be received in cash on allotment?

Raman and Naman were in partnership sharing profit and losses in 3:2. Their partnership firm was dissolved on 31st March 2022. On the date of dissolution, Naman's Loan was ₹ 20,000. Naman agreed to take stock (already transferred to realisation A/c) of ₹15,000 at ₹18,000 and bala…

The Journal Entry to acquire an asset from vendor will be:

If X's share of profit was to be calculated on the basis of Average Profit of the last three years, which were ₹ 1,36,000 for 2018-19, ₹ 1,54,000 for 2019-20 and ₹1,00,000 for 2020-21. X's share of profit for the period from 1st April, 2020 to June 30, 2020 shall be calculated on…

Blue Prints Ltd. purchased a building worth ₹1,50,000, Machine worth ₹1,40,000 and Furniture worth ₹ 10,000 from XYZ Co. and took over its liabilities of ₹ 20,000 for a purchase consideration of ₹ 3,15,000. Calculate the Goodwill/Capital Reserve to be recorded by Blue Prints Ltd.