what is lease accounting?? please explain me....

0 Answers  

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Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.

2 Answers   Ignou,

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what is the bill of exchange

3 Answers  

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On goods purchases of Rs.2,00,000 got trade discount of 20,000 from supplier, and the amounts paid to supplier is 1,00,000 in cash and RS.1,00,000 in check on the same day, what would be the general ledger entry ?

18 Answers   Genpact,

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What is difference between budget & budgeting

1 Answers  

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What are the reasons which cause pass book of the bank and your bank book not tally?

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what is real account and its advantages

1 Answers  

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book keeping is the art of recording------in the books of accounts

6 Answers   Finance, Wipro,

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What is Provision Entry

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What is executive accounting?

0 Answers  

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How can I put Bank Guarantee Receipt entry in Tally ERP9?

0 Answers   Shaqab,

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what is IPO

5 Answers  

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