The balance appearing in the books of a company at the end of the year were: CRR A/c Rs. 50,000; Sccurity Premium Rs. 5,000; Revaluation Reserve Rs. 20,000; P & L A/c (Dr) Rs. 10,000. Maximum amount available for distribution as Bonus Shares will be __________.

Rs. 50,000

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Rs. 55,000

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Rs. 45,000

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Rs. 57,000

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Solution

The correct option is B Rs. 55,000
CRR A/C 50,000
Add- Rev. Res. 20,000
70,000
Less- security pre. (5,000)
P & L A/C (Dr) (10,000)
Bonus shares 55,000.
'

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Similar questions

Q. The balance appearing in books of a company at the end of year were: CRR A/c Rs.

50, 000

, Security Premium. Rs.

5, 000

. Revaluation Reserve Rs.

20, 000

, P & L A/c(Dr.) Rs.

10, 000

. Maximum amount available distribution of Bonus shares will be ________.

Q. The balance appearing in the books of a company at the end of year was:
CRR A/c = Rs. 50,000
Securities Premium = Rs. 5,000
Revaluation Reserve = Rs. 20,000
Profit & Loss A/c (Dr.) = Rs. 10,000.
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Q. A company wishes to redeem its preference shares amounting to Rs. 1,00,000 at a premium of 5% and for this purpose issues 5,000 equity shares of Rs. 10 each at a premium of 5%. The company also has a balance of Rs. 1,00,000 as General Reserves and Rs. 50,000 in profit and loss account. The amount to be transferred to Capital Redemption Reserve account for the purpose of redemption is ____________.

Q. A company wants to redeem its 2,000 preference shares of Rs. 100 each at par. Company has a balance in General Reserve Rs. 50,000 and Profit and Loss account Rs. 40,000. Company wants to issue equity shares of Rs. 10 at a premium of 10%. How many equity shares should be issued for the purpose?

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The balance appearing in the books of a company at the end of the year were: CRR A/c Rs. 50,000; Sccurity Premium Rs. 5,000; Revaluation Reserve Rs. 20,000; P & L A/c (Dr) Rs. 10,000. Maximum amount available for distribution as Bonus Shares will be __________.

The correct option is B Rs. 55,000CRR A/C 50,000Add- Rev. Res. 20,000 70,000Less- security pre. (5,000) P & L A/C (Dr) (10,000) Bonus shares 55,000.'

The correct option is B Rs. 55,000
CRR A/C 50,000
Add- Rev. Res. 20,000
70,000
Less- security pre. (5,000)
P & L A/C (Dr) (10,000)
Bonus shares 55,000.
'