Follow along as we demonstrate how to use the site. (adsbygoogle = window.adsbygoogle || []).push({}); Manner of rotation of auditors by the companies on expiry of their term, Post supply discounts and price reductions after supply not eligible for deduction from value, SECURITIES MARKET REFORMS & REGULATORY MEASURES TO PROMOTE INVESTOR CONFIDENCE, SPECIAL PROVISIONS RELATED TO COMMODITY DERIVATIVES, EPF Limit increased to Rs. Cost of reconstruction is `3,350. Retirement of treasury stock - journal entries and examples All the applications are fully accepted. 3,92,000. Uploader Agreement. The half-yearly working resulted in an increase of Sundry Debtors by Rs.60,000, Stock by Rs.80,000 and cash byRs.40,000. After reduction, both the shares are to be consolidated into shares of `10. Figure 16.5 Issue Ten Thousand Shares of $100 Par Value Preferred Stock for $101 per Share. The shares have a $1 par value per share. Zed Ltd. issued 5,00,000 equity shares of Rs 10 each at a discount of 10% payable as to Rs 2.50 per share along with application, Rs 2.50 per share on allotment and the balance on the first and the final call to be made six months after allotment. Surrender of Shares - TaxDose.com By continuing to browse this site, you consent to the use of cookies. (g) The debit balance in the Profit & Loss Account is to be wiped out,Rs.2,60,000 provided for doubtful debts and the value of fixed assets increased by Rs.4,00,000. the call was to be made immediately for acquiring cash. Employers should recognize compensation cost equal to the fair value of the shares for those ESOP shares committed to be released to compensate employees directly. A Ltd. invited applications for 1,00,000 shares of Rs 100 each at a discount of 6% payable as follows: The applications received were for 99,000 shares and all of these were accepted. If you have any questions pertaining to any of the cookies, please contact us us_viewpoint.support@pwc.com. Forfeiture of Shares: Practical Problems and Solutions Equity Share Capital A/c Dr. (Being the entry for reducing every share of `100 Each as `50 paid-up 7,500 equity shares @ `50 as Per the Board resolution dated .). Other nonreciprocal transfers of nonmonetary assets to owners shall be accounted for at fair value if the fair value of the nonmonetary asset distributed is objectively measurable and would be clearly realizable to the distributing entity in an outright sale at or near the time of the distribution.

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