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Answer Posted / achala
to start any company,it must need the capital.for this
purpose company calls the public to give money to start the
business.persons who help the company by giving money to
them are called as share holders.in return to that money
company issues a share certificate to these share
holders.example:-"a" company wants to start the business.
it requires 10,000/- rs to start.it offer shares to the
public.i.e 1000 shares of rs 10 each.initially it may not
be wanting so much of money and agrees with the share
holders to pay in two calls.company make a call for the
first time.all the share holders pay to the company rs 5
for every share -5*1000=5000.after two monts it again makes
a call.but share holders will not make the payment.this due
amount is called calls in arrears.
| Is This Answer Correct ? | 43 Yes | 7 No |
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From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
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