X Ltd. was formed. with authorised capital of Rs. 20,00,000/- divided into shares of Rs. 10/- each. X ltd. issued fully paid up shares of Rs. 10/- each at a premium of 20% in consideration for acquiring assets Rs. 364800 from R bros. to Record this Transaction share capital need to be credited.
This is a cpt question please reply to me with the working note. ther are more cpt question which i need the working note. So kindly anybody tell me to whom i should mail and get the answers.
Net Assets = 346800
Value of Share = 10 + 20%*10 = 12
No of shares to be issued = 346800/12 = 28900
Share Capital to be credited with 28900*10 = 289000
Secutiries Premium to be credited with 57800
Net Assets = 364800
Value/Share = 10 + 20%*10 = 12
No of shares to be issued = 364800/12 = 30400
Share Capital to be credited with 30400*10 = 304000
Secutiries Premium to be credited with 30400*2 = 60800
| Originally posted by : Sudip Kumar Shaw | ||
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Net Assets = 364800 Value/Share = 10 + 20%*10 = 12 No of shares to be issued = 364800/12 = 30400 Share Capital to be credited with 30400*10 = 304000 Secutiries Premium to be credited with 30400*2 = 60800 |
 Agree with Sudip Kumar Shaw ..... |
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