HSC Commerce (English Medium) १२ वीं कक्षा - Maharashtra State Board Question Bank Solutions

Find odd one.

Find odd one.

Find the odd one.

Find odd one.

Find odd one.

(Over subscription- Some over application refunded and rest used for allotment)
ONGC Ltd. invited applications for 25,000 shares of Rs 100 each payable as under-

Public applied for 40,000 shares, out of which 10,000 shares were rejected and money on 5,000 shares was diverted to share allotment. All the allotment and calls money was received.
Pass journal entries in the journal of ONGC Ltd.

(Over Subscription and retain for allotment):
Geeta Ltd. invited applications for Rs 50,000 Equity shares of 10 each payable as under-

Public applied for Rs 60,000 shares. All the applications were accepted by the company. Money on excess application was used for allotment purpose. Assuming that all the allotment, first call and final call duly received.
Pass journal entries in the books of the company.
Rise in the books of the company.

Select the most appropriate answer from the alternatives given below and rewrite the sentence.
Usually _______________ is a major source of revenue income for ‘Not for Profit’ concerns.

(Over subscription- Some over application refunded and rest used for allotment)
ONGC Ltd. invited applications for 25,000 shares of Rs 100 each payable as under-

Public applied for 40,000 shares, out of which 10,000 shares were rejected and money on 5,000 shares was diverted to share allotment. All the allotment and calls money was received.
Pass journal entries in the journal of ONGC Ltd.

(Over Subscription and retain for allotment):
Geeta Ltd. invited applications for Rs 50,000 Equity shares of 10 each payable as under-

Public applied for Rs 60,000 shares. All the applications were accepted by the company. Money on excess application was used for allotment purpose. Assuming that all the allotment, first call and final call duly received.
Pass journal entries in the books of the company.
Rise in the books of the company.

What is meant by ‘capital fund’ ?

Answer the following question in only ‘one’ sentence.

What is ‘entrance fees’?

Select the most appropriate answer from the alternatives given below:

Gaining ratio is the ratio in which ______.

Answer in one sentence only.
What is an Entrance Fee?

Write one Word / Term / Phrase for the following statement.
The fees paid by a person, who wants to become a member of the concern, for his whole life.

Gain ratio _______ Ratio less Old Ratio.

New Ratio = Old Ratio + _____ Ratio

Apte, Bhate and Chitale are sharing `1/2, 3/10, "and" 1/5` if Apte retire their new ratio will be ______.

Write the Word/Term/Phrase which can substitute of the following statement:

The ratio in which the continuing partners are benefited due to the retirement of partner.

Write the word/phrase/term/ which can substitute of the following statement:

The ratio which is obtained by deducting the Old Ratio from New Ratio.