1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
liberstina [14]
3 years ago
13

Question 2

Business
1 answer:
Gnesinka [82]3 years ago
3 0

Answer:

Check the explanation

Explanation:

S.no. Date Particulars                                Debit ($)        Credit($)

1. 31.03.2020 Bank A/c Dr                           2800000  

To Equity Share Application A/c Cr                                  2800000

(Being Application Money received on Shares)    

2. 01.04.2020 Equity Share Application A/c2800000  

To Share Capital A/c Cr                                                    2000000

To Share Allotment A/c Cr                                                  800000

(Being allotment made to shareholders)    

3. 01.04.2020 Equity Share Allotment A/c  2000000  

To Equity Share Capital A/c Cr                                           2000000

(Being allotment amount transfer to capital account)    

4. 01.04.2020 Bank A/c Dr                         1200000  

To Equity Share Allotment A/c Cr                                       1200000

(Being Balance allotment amount received)    

5. 01.04.2020 Share Issue Expenses A/c Dr  10000  

To Bank A/c Cr                                                                      10000

(Being Share issue Expenses paid)    

6. 30.06.2020 Bank A/c Dr                           450000  

To Share Capital A/c Cr                                                       450000

(Being Right Share Issued)    

7. 01.10.2020 Bank A/c Dr                            250000  

To Share Capital A/c Cr                                                      250000

(Being Options given to shareholders)    

8. 01.10.2020 Share Expenses A/c Dr.     50000  

To Bank A/c Cr.                                                                    50000

(Being Option cost 50cents per share paid)    

9. 30.11.2020 Interim Dividend A/c Dr     120000  

To Bank A/c Cr                                                                    120000

(Being Interim Dividend Paid)  

You might be interested in
While harry was intoxicated, he sold his car to ben for substantially less than its fair market value. this contract is consider
VMariaS [17]
The answer to this question is that the contract is voidable. A voidable contract specificallt means that the contract can still be implemented or affirmed or rejected by one of the parties due to valid reasons. A situation where in a contract can be voidable is when the other party is not in the capacity to enter into a contract.
7 0
3 years ago
Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect co
Viktor [21]

Answer:

(A) $144,000.

Explanation:

For computing the indirect costs allocated to the Commercial Department first we have to compute the per unit cost which is shown below:

Per unit cost = (Allocated department overhead indirect cost) ÷ (total number of direct labor hours)

=  $396,000 ÷ 22,000

= $18

The total number of direct labor hours = Consumer + commercial

                                                                = 14,000 + 8,000

                                                                = 22,000

Now the indirect cost equal to

= Per unit cost × Commercial direct labor hours

= $18 × 8,000

= $144,000

4 0
3 years ago
The price elasticity of a good will tend to be larger:a)the longer the relevant time period. b)the fewer number of substitute go
Butoxors [25]

The price elasticity of a good will tend to be larger if the fewer number of substitute goods will be  available.

The cross elasticity of demand for substitute goods is always positive because the demand of one good increases at the time when the price for the substitute good increases however the cross elasticity of demand for complementary goods is always negative.

For example, if the price of coffee rises, the quantity demanded for tea which is the best  substitute of coffee beverage will increase as consumers will switch to a less expensive but the  substitutable alternative.

This is reflected in the cross elasticity of the demand formula, as both the numerator  which is the percentage change in the demand of tea and denominator which is the price of coffee  shows a positive increase.

To know more about price elasticity of demand here:

brainly.com/question/13565779

#SPJ4

7 0
1 year ago
Ula purchased stock in Purple, Inc., six years ago for $150,000. Purple has assets with a value of $225,000 ($175,000 basis) and
elena55 [62]

Answer:

$15,000 gain

Explanation:

Assets with a value of $225,000

Remaining asset (cash) to Ula ($25,000)

Purple liabilities ($60,000)

Balance $140,000

Balance Brought forward $140,000

Remaining asset (cash) to Ula $25,000

Ula purchased stock ($150,000)

Balance $15,000 gain

Or

$225,000-$25,000-$60,000=$140,000+$25,000-$150,000=$15,000 gain

Therefore we have $15,000 gain.

3 0
3 years ago
Key performance indicator​ cards: A. lead to local but not global or strategic improvements if they are not linked to strategy.
Alecsey [184]

Answer:

A. Lead to local but not global or strategic improvements if they are not linked to strategy.

Explanation:

A key performance indicator card is a technique or rather methodology used in assessing the status of a measure by comparing key indicators to target. It is a performance card that identifies the main objective and gives a well structured view of the organization. It can lead to both local and strategic improvements if they are linked to strategy. They are performance scorecards developed without necessarily working from company's strategy.

3 0
3 years ago
Other questions:
  • Choose all that apply. Adrianna will be a college freshman soon and she is struggling to make a career choice. Which activities
    14·2 answers
  • Which function would you use to change the appearance of data in a cell from decimal to percentage?
    15·2 answers
  • Suppose two cities are considering tearing down their stadiums to build new ones. In one city, the old stadium cost $5 million t
    10·2 answers
  • Albright Company produces a variety of products, some in labor-intensive departments and some in heavily automated departments.
    5·1 answer
  • A JIT system uses kanban cards to authorize movement of incoming parts. In one portion of the system, a work center uses an aver
    11·1 answer
  • The ____ flow of information needed from the CSIRT to organizational and IT/InfoSec management is a critical communication requi
    9·1 answer
  • The federal government or private associations might fund________to help an entrepreneur finance a new business.
    7·2 answers
  • The following labor standards have been established for a particular product:
    9·1 answer
  • Bingerton industries began the year with inventory of$85,000. Purchases of inventory on account during the year totaled $310,000
    7·1 answer
  • The most liquid monetary aggregate is: ___.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!