File Name: company accounts issue of shares and debentures .zip
Convertible debentures: Is which can be converted into equity shares of the issuing company after a predetermined period of time. Non-convertible Debentures, which are simply regular debentures, cannot be converted into equity shares. These are debentures without the convertibility feature; these usually carry higher interest rates than their convertible counterparts. Secured Debentures: These instruments are secured by a charge on the fixed assets of the issuer company. So if issuer fails to pay of the principal or interest amount, its assets can be sold to repay the liability towards debenture holders.
Preference shares are shares which carry the right to a fixed dividend before any dividend can be paid to the ordinary shareholders. Where there are insufficient profits including those retained from previous years to cover the preference dividend, then none can be paid and it is lost. Cumulative preference shares are similar to preference shares, but if in any one year, because of the circumstances described above, the dividend is not paid it accumulates and is carried forward until such time as there are sufficient profits to cover both current dividends on the shares and the arrears. Ordinary shares carry no right to a fixed dividend and dividends are decided upon once the profit is known. There is a risk of no dividend, but at the other end of the scale there is no limit on the amount. Unable to display preview. Download preview PDF.
Vishwas Ltd. Applications were received for all the debentures along with the application money did allotment was made. Call money was also received on the due date. Pass necessary Journal entries in the books of the company. Books of Vishwas Ltd.
Terms of Issue of Shares i Issue of shares at par When shares are issued at their face value, the shares are said to have been issued at par. Accounting Treatment for Issue of Shares for Cash. Full Subscription of Shares When the number of shares applied for, is equal to the number of shares offered for subscription, the shares are said to be fully subscribed. Over Subscription of Shares When the number of shares applied for, is more than the number of shares offered for subscription, the shares are said to be oversubscribed. Allotment of shares cannot be made to all the applicants in full. In case of oversubscription, following three alternatives are available i Rejection of applications ii Partial or pro-rata allotment iii Combination of pro-rata allotment and rejection.
The company once having announced the decision of its Board recommending bonus, shall not subsequently withdraw the same. Preference shareholders can exercise their voting rights on all resolutions placed before the Company when dividends payable in respect of class of Preference Shares are in arrears for a period of 2 years or more. Application of premium received on issue of shares Sec. Any share issued by a company other than Sweat Equity Shares at a discounted price shall be void. The Special Resolution authorising the issue of Sweat Equity Shares shall be valid for making the allotment within a period of 12 months from date of passing Special Resolution.
The solved questions answers in this Test: Redemption Of Preference Shares - 1 quiz give you a good mix of easy questions and tough questions. Both the investor and the company have limited liability. Issue of shares at Premium Issue of shares against Lump sum payment : When whole amount due on shares is payable in one instalment. Which of the following deals with the time for inspection when notice given in the Code of Civil Procedure?
There are 15 questions in this test with each question having around four answer choices. Issued 20, Equity shares of Rs. Journal entry for the amount due on Final call.
Сьюзан знала, что такое могло произойти только по одной причине - если бы в Следопыте завелся вирус. Вирусы были самой большой неприятностью, с которой сталкивались в своей работе программисты. Поскольку компьютеры должны были выполнять операции в абсолютно точном порядке, самая мелкая ошибка могла иметь колоссальные последствия. Простая синтаксическая ошибка - если бы, например, программист по ошибке ввел вместо точки запятую - могла обрушить всю систему. Происхождение термина вирус всегда казалось Сьюзан весьма забавным.
Поэтому отключение представляло собой сложную серию подтверждений и протоколов, гораздо более сложную, чем запуск ядерной ракеты с подводной лодки.
Водитель, наверное, снял ногу с педали газа, рев двигателя поутих, и молодые люди поравнялись с автобусом. Шедший сзади, метрах в десяти, Беккер смотрел на них, не веря своим глазам. Фотография внезапно обрела резкость, но он понимал, что увиденное слишком невероятно. Один шанс к миллиону. У меня галлюцинация.
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