No products in the cart.

Ask questions which are clear, concise and easy to understand.

Ask Question
  • 1 answers

Kr Vrm 8 years, 5 months ago

Those assests whose benifits are derived over a long period of time eg. Preliminary expenses, accumulated loss etc.
  • 0 answers
  • 1 answers

Smiley Modi 8 years, 5 months ago

share is the part of capital of a company owned by owners known as share holders
  • 0 answers
  • 0 answers
  • 0 answers
  • 1 answers

Kr Vrm 8 years, 5 months ago

Buyback of a shares means that when a company buy it's own share.
  • 1 answers

Sia ? 4 years, 9 months ago

Key Difference Between Capital Reserve and Reserve Capital

The following are the major differences between capital reserve and reserve capital:

  1. A portion of profit set aside that can be used for specific purposes only is known as Capital Reserve. Reserve Capital is that form of uncalled share capital that can be called up by the company only in the event of the liquidation of the company.
  2. Capital Reserve the result of accumulating capital profit, whereas Reserve Capital is created out of authorized capital.
  3. On the equity & liabilities side of the Balance Sheet, Capital Reserve appears under the head Reserves & Surplus. Unlike Reserve Capital, which is not disclosed at all.
  4. There is a compulsion in the creation of capital reserve by every company which is not in the case of reserve capital.
  5. For the creation of reserve capital, the special resolution should be passed by the company at Annual General Meeting (AGM).
  6. Capital Reserve has various uses like writing off fictitious assets, or capital losses, etc. but Reserve Capital is used only when the company goes into liquidation.
  • 2 answers

Kr Vrm 8 years, 5 months ago

₹5 as 2 has not paid and 3 hasn't called yet so it means that 5 is paid so a company can issue a maximum discount of 5.

Sanjay Kumar 8 years, 5 months ago

Yes
  • 0 answers
  • 1 answers

Shraddha P 8 years, 5 months ago

So that we can analyse that how much goes out and how much comes in through three main activities i.e. operati
  • 0 answers
  • 1 answers

Gagandeep Singh 8 years, 5 months ago

Chapter
  • 1 answers

Gaurav Singh 8 years, 5 months ago

If there is no information is given so25 percentage is calculated on redemption .but in case of out of profit 100percentage it will create
  • 1 answers

Shraddha P 8 years, 5 months ago

Add the amount of application and allotment excluding premium
  • 2 answers

Gagandeep Singh 8 years, 5 months ago

And know one wants to bear loss.

Gagandeep Singh 8 years, 5 months ago

Because it will be a loss to a debenture holder.
  • 0 answers
  • 0 answers
  • 1 answers

Shraddha P 8 years, 5 months ago

Patnership is a business relationship among two or more partners to share profit and losses of the business
  • 1 answers

Shraddha P 8 years, 5 months ago

In fixed acc..we need to prepare 2 acc -capital acc(in which entry regarding additional capital intoduced or capital withdrawn passed) and current acc (in which entry regarding interest ,salary ,commission etc are pssed ) In fluctuating acc we prepare only capital acc in which all entries are passed
  • 1 answers

Yash Gujarathi 8 years, 5 months ago

Firstly write the heading and underline it Then by whom it is written/the name of the writer Keep all this in the center Body That's it!!!
  • 0 answers
  • 1 answers

Karishma Mohata 8 years, 5 months ago

Share capital a/c dr 14000 To share application & allotment a/c 4000 To share forfeiture a/c 10000 Bank a/c dr 10500 Share forfeiture a/c dr 1500 To share capital a/c 12000 Share forfeiture a/c dr 6000 To capital reserve a/c 6000
  • 0 answers
  • 0 answers
  • 1 answers

Shraddha P 8 years, 5 months ago

To show true position of firm at the tym of admission of partner...so that new partner may not get advantage/disadvantage due to position of firm before he admitted as partner

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App