Question
A company issued 1,00,000 shares of ₹10 each at a
premium of ₹2 per share, payable ₹3 on application, ₹4 on allotment (incl. premium), balance on call. Applications received for 1,50,000 shares; pro-rata allotment made. If X applied for 3,000 shares, how many shares were allotted and what amount adjusted towards allotment?Solution
Allotment ratio = 1,00,000:1,50,000 = 2:3. So 3,000 applied → 2,000 allotted. Application money = 3,000 × 3 = 9,000. Required = 2,000 × 3 = 6,000. Excess 3,000 adjusted towards allotment.
Opening Stock ₹ 17,000
Purchases ₹ 61,400
Direct Expenses �...
Which of the following is not a taxable income under the head “Income from Other Sources”?
When a bank’s assets and liabilities are not aligned in terms of maturity profiles, it primarily exposes the bank to which type of risk?
If an asset’s recoverable amount is less than its carrying amount, what is the correct treatment under Ind AS 36?
The delivery of goods by one person to another as a security for the payment of a debt is called__________.
A company enters into a contract to construct a specialized asset over 4 years. At the end of Year 2, total costs incurred are ₹60 lakh, estimated tot...
What is the standard TDS rate applicable to interest on securities as per Section 193 of the Income Tax Act, 1961?
Under the Written Down Value (WDV) method, depreciation is:
The DuPont Analysis uses the following ratios except:
Within how many days a person should apply for registration?
