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.

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

Y Ltd. forfeited 400 shares of ₹ 10 each, ₹7 called-up, for non-payment of first call of ₹ 2 per share. Out of these, 300 shares were reissued for ₹ 6 per share as ₹7 paid-up. What is amount to be transferred to Capital Reserve?

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?

The directors of Tivoli Plastics Ltd. resolved that 200 equity shares of ₹ 100 each be forfeited for non-payment of the second and final call of ₹ 30 per share. Out of these, 150 shares were reissued at ₹60 per share as fully paid-up. How much amount will be transferred to Capita…

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:

Madhu Ltd. forfeited 800 shares of ₹10 each issued at 10% premium to Shyam (₹9 called up) on which he did not pay ₹3 of allotment (including premium) and first call of ₹2. Out of these, 600 shares were re-issued to Ram as fully paid up for ₹ 9 per share. What is amount to be tran…

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 arrear…

Correct sequence of issue of shares is- (A) Receipt of Application (B) Issue of Prospectus (C) Letter of Allotment of shares (D) Letter of Regret Choose the correct answer from the option given below: