Hyderabad
22 Points
Joined February 2011
please help me....
In yesterday's Accounts-II paper , in that internal Reconstruction problem they hav given that Re.100 paid up was divided into 10 fully paid-up of Re.10 ..and in de next step they said dat 50% of dat sub-divided shares were surrendered ...n from dat 1000 pref shares were issued.....so i knew dat it was a mistake n i assumed that 10000 shares of 100 each were sub-divided into "10 each of 100000 shares" n from those 50000 shares were surrendered n so on ....wen i did in dat way ...balance sheet tallied (870500-bal sheet amt)for me.... so do i get marks for such assumption....