Corporate accounting

presentation
Q1 - On 1.4.2020 Sheena Ltd grants 2 options to each of its 500 employees at ₹60
when the Market price ₹90 . The vesting period is two and a half years.The
maximum exercise period is one year Only 450 employees exercised their options
on 30.9.2023. The face value of equity share price is ₹10 per share. Pass the
necessary journal entries in the books of the company upto 30th Sept. 2023.
( problem 6, chapter EPS)
Q2 - PQR Ltd., invited applications for the issue of 1,00,000 equity shares of 10 each
payable 4 on Application, 5 (including 3 as securities premium) on Allotment, 2 on
First Call and 2 on Second and Final Call. The prospectus provided that in case of
partial allotments, money received in excess of application would be adjusted
towards the amount due on Allotment. The Company received applications for
2,50,000 shares. Out of which applications for 50,000 shares were rejected out
rightly and other applicants were allotted shares on pro-rata basis.
Mr. Amar, to whom 1,000 shares were allotted failed to pay the allotment money and
on his sub- sequent failure to pay the First Call his shares were forfeited. Mr. Akbar,
the holder of 500 shares failed to pay both the calls and his shares were forfeited
after the Second Call, Of the shares forfeited, 1,200 shares were re-issued to Mr.
Anthony, credited as fully paid-up for 9 per share, the whole of Amar's shares being
included . Required: Pass the necessary Journal entries to give effect to above.
( problem 19, chapter issue , forfeiture and reissue of shares )
Working notes :

No. of shares applied by mr. amar :

1000 x 2,00,000 = 2,000

1,00,000

Calculation of mr. amar’s shares money :

Application money (2000x4) = 8000

Allotted with only (1000x4) =(4000)
Balance = 4000
Allotment due ( 1000x5) = (5000)
Arrears = 1000

Total allotment money due = 5,00,000

Excess on application =(4,00,000)
Balance = 1,00,000
Less: arrears of mr. amar = ( 1000)
99,000
Q3- the following are the balance sheets of bimla industries Ltd. as at 31st march 2019
and 31st march 2020 :- ( problem 15, chapter cash flow)
Q4
Presentation by :
preeti
Simran
vinita
Tashu
Sri laxmi
( b.com hons - C )