Solve this:

Solve this: each at a premium of was oversubscribed and • to the Board 01 017 5. Their respective fixed were u 2.000 salary U .20,OOO per year. for the December, 2012 was which was distributed equally, without providing the above. pass an adjustment entry. with an authorised capital of e I divided into equity 10 each. company issued shares for the public subscription. A shareholder shares, failed to pay the final call of u per share. His shares were forfeited. The iorfelted shates weir reissued at e 9 per share as fully paid up. Present the 'Share capital' in the Balance Sheet ofthe company as per schedule 111 •part 1 of the (mmpanies Act, 2013_ Also prepare •Notes to Accounts'. 10. X Ltd. obtained d loan of from IDBI Bank. The company issued 7,000, 9% Debentures of each as a collateral security for the same. Show how these items will be presented in the Balance Sheet of the company. IL Ganga and Harry are partners in a firm sharing profits and losses in ratio of 5 : 3. They admit Chandrika, the widow of their friend, into partnership for 1/4th share. As between themselves, Ganga and Harry decide to share profits equally in future. Chandrika brings in as her Capital Z 30,000 as premium (a) Mention the values displayed bv partners in admitting Chandrika into partnership. (b) Mention the rights of partner Chandrika acquire after entering in the firnj. (f) Calculate the sacrificing ratio and pass the necessary journal entries on the assumption that the amount of premium brought in by Chandrika is retained in business. A. B and wete partners sharing proiits and losses in the ratio 017 : : 2. Frotn 1st January, 2013. thev decided to share ptofits and losses in the ratio 01' 8 : 4 : 3. Goodwill is to be valued at the 01 (Inee years' profits preceding the date of change in prolit-sharing ratio. The profits '201 1, 2012. 201! and 2014 weje e 52.000, and respectively. Give the lournal entrv. IS. Sanlana and Kalpana ave partners sharing profits in the catio : 2 with capitals of and Interest on capital is agreed p.a. Kalpana is 10 bc allowed an annual salam or s'2%ti. During the profits of the year prior (o calculation 01 interest on capital but arto chai ging Kalpana•s salary amounled to A provision of ot- the Plotils is to be made In 01 man.igel*s commission P' ep.-ue and Loss Appiu1J1 Account and s' capital accounts. 6 14 I'd" entiies 10' issue 01 1,000. Debentuik•s 01 C 50 each in the tollowtng cases: (n' Issued al pietnitlm, ledeetnable at a premium of 10%. (h) Issued at a discount oi redeemable at par. Neha Ltd. purchased Building costing liotn Ruc hi Ltd. The payment was nude b', Issue of equitv shares 01 10 each at a premium Of Q per share. Pass necessar:s joulnal entrws