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Showing posts with the label Share Capital - Company Accounting

iPhone 16 Series All Details & Leaks Are Here! AI, New Button, Big Display...

Unlocking the Secrets: iPhone 16 Series Revealed! AI, New Buttons, and Big Displays Unveiled! Are you eagerly awaiting the next big release from Apple? Brace yourself for the iPhone 16 series, where innovation meets anticipation. In this article, we'll delve into all the exciting details and leaks surrounding this highly anticipated release. AI Integration  One of the most buzzed-about features of the iPhone 16 series is its enhanced AI capabilities. With advanced algorithms and machine learning, these phones promise to deliver a smarter, more intuitive user experience. From personalized recommendations to seamless voice commands, get ready to interact with your device like never before. New Button Dynamics Say goodbye to the conventional button layout! The iPhone 16 series is rumored to introduce a new button configuration that enhances functionality and usability. With the addition of an action button, users can expect quicker access to their favorite features and applications, m

Ts grewal practical problems of Share Capital - Company Accounting (2023-2024)

  Share Capital - Company Accounting Ts grewal solution   volume-2 (2023-2024):part-2 Question 53: Star Ltd. forfeited 500 Equity Shares of  ` 100 each for non-payment of first call of  ` 30 per share . The final call of  ` 10 per share was not yet made. Out of these, 60% shares were reissued for  ` 39,000 fully paid. journalise the forfeiture and reissue of shares.   Answer: Journal Date Particulars L.F. Debit  ( ` ) Credit  ( ` )   Equity Share Capital A/c  (500×90) Dr.   45,000       To  Equity Share 1st Call A/c (500×30)       15,000     To Share Forfeited A/c (500×60)       30,000   ( 500 equity shares forfeited for non-payment of final call)                       Bank A/c (300×130) Dr.   39,000       To Equity Share Capital A/c (300×100)       30,000   To Security Premium Reserve A/c (300×30)       9,000   (300 shares are reissued @130 per share)                       Share Forfeited A/c Dr.   18,000       To Capital Reserve A/c       18,000   ( Profit on reissue of 300 s