Where to show Share application money received in excess of issued share capital?
Share application money received in excess of issued share capital should be shown as a current liability. When a company receives share application money in excess of its issued share capital, it represents an obligation to return the excess amount to the applicants if the shares are not allotted. The amount which is yet to be allotted will come under Share application money pending allotment, however amount over and above the issued share capital will be shown as current liability.
A shopkeeper sold a school bag at a profit of 65%. Had he sold the school bag at 35% profit he would have earned Rs.183 less. Find the cost price of the...
Profit percentage received on a product when sold for Rs. 650 is equal to the percentage loss incurred when the same product is sold for Rs. 330. Find t...
14% more is gained by selling a spectacles for Rs. 4288 than by selling it for Rs. 4113. Find the cost price of the spectacles.
Oil equal to 20% of the weight of ground nut is extracted in a mill. The matter left after extraction is sold as cattle feed at the rate of Rs 12.5/kg. ...
A shopkeeper sold an article at a gain of 20%. Had he bought it for 20% less than the original cost and sold it for ₹10 less, he would have gained 25%...
A laptop costs 20 times the cost of a headphone. On the laptop there is a profit of 10% while the total profit on selling the headphone and the laptop i...
A dealer sold an article at a loss of 4%. Had he sold it for ₹120 more, he would have gained 8%. To gain 11%, he should sell the article for?
The ratio of the cost price to the marked price of an article is 2:5 and the ratio of the profit percentage to the discount percentage is 5:2. Find the...
A shirt is marked 20% above the cost price and sold after a discount of Rs.104 at Rs.400. Find the cost price of the shirt.
The cost price of article A and B is Rs. ‘X’ and Rs. (X + 400), respectively. Article A is sold at 20% profit while article B is sold at 10% loss. I...