Amalgamation, Absorption and External Reconstruction (Excluding Intercompany Holdings)
Accounting of Transactions of Foreign Currency
- Accounting of Transactions of Foreign Currency
- Purchase of Goods in Foreign Currency
- Account for Foreign Currency Transactions
- Purchase of Fixed Assets in Foreign Currency
- Foreign Currency Loan
- Foreign Exchange Accounting
- Accounting of Transactions of Foreign Currency Problems
- Statement of Affairs and Deficiency Account Problems
Liquidation of Companies
Underwriting of Shares and Debentures
Accounting for Limited Liability Partnership
Bharat Movers Ltd., issued 30,000 6% Debentures of 100 each. 60% of the issue was underwritten by Mr . Shah. Applications for 28,000 Debentures were received by the Company.
Determine. the Liability of Mr. Shah.
ABC Ltd., invited the public to subscribe to the foliowing :
(i) 10,000 Equity Shares of Rs.100 each .at a premium of 5%, and
(ii) 2,50,000 in 14% Debe11tures of [email protected] 96.
60% of the Shares and the whole of the issue of Debentures were underwritten by Mis XYZ Ltd. for the conmission allowable by the Government. The applications from the public totalled 6,000 Shares and 2,000 Debentures. The underwriters fulfilled their obligations. Show the Journal Entries that would appear in the books of the Company. Underwriting commission is paid at 2.5%. Pass the necessary. Journal Entries in the books of ABC Ltd.
Radisun Ltd. issued 40,000 Shares which were underwritten as :
P : 24,000 Shares
Q : 10,000 Shares
R : 6,000 Shares
The underwriters made appiications for firm underwriting as under :
P: 3,200 Shares
Q: 1,200 Shares
R: 4,000 Shares
The total subscriptions excluding Firm underwriting '(including marked applications) were 20,000 Shares.
The marked applications were :
P: 4,000 Shares
Q: 8,000 Shares
R : 2,000 Shares
Prepare a Statement showing the Net Liabiiity of Underwriters.
XYZ Ltd. issues 1,000 8% Debentures of Rs.100 each at a premium of 20%. Sixty percent of the issue was undewritten by Mehata and Company for 2.5% commission.
Applications· were received for 800 Debentures which were accepted and payment for these was received in full. Pass the necessary Journal Entries.
PQR Ltd ... invited applications from public for Rs. 1,00,000 Equity Shares of Rs.10 each at a premium of Rs. 5 per share. The entire issue has underwritten by the underwriters A, B, C and D to the extent of 30%, 30%, 20% and 20% respeetively with the provision· of firm underwriting of Rs. 3,000; 2,000; 1,OQO and 1,000 Shares respectively.
The underwriters were entitled to the maximum commission permitted by law .
The Company received applicfitions for 70,000 Shares from public out of which applications for 19,000; .10,000; 21,000 .an4 8,000 Shares were niarked in favour for A, B, C and D respectively.
calculate the liability of each one of the underwriters. Also, ascertain 2.5%
A company incorporated on 1.1.2017 issued a Prospectus inviting applications for 5,00,000 Equity shares of Rs.10 each.
The whole issue was fully underwritten by four persons, viz.
P : 2,00,000 Shares
Q : 1,50,000 Shares
R : 1,00,000 Shares
S : 50,000 Shares
Applications were received for 4,50,000 shares of which marked applications were as fallows :
p : 2,20,000
Q : 90,000
R : 1,10,000
S : 10,000
Find out the Liabilities of Individual underwriters.
A company issued 1,00,000 Shares of Rs.100 each. These shares were underwritten as follows :
X - 30,000 Shares, Y - 50,000 Shares. The public applied for 70,000 Shares.
Determine the Liability of X, Y and the Company.
PQR Ltd. issued 50,000 equity shares the whole of the issue was underwritten as follows :
A : 40% B : 30% C: 30%
Application for 40,000 shares were received in all , out of which application for 10,000 shares had the stamp of A : those for 5,000 shares that of B and those for 10,000 shares that of C. The remaining application for 15,000 shares did not bear any stamp.
Determine the liability of the underwriters