Download Old HSEB Question Paper of Account
Year : (2058-2059) BS | For: Management Class : 12
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Exam 2058
Subject: Account
All questions are compulsory
1. Himal Limited issued 10000 Equity shares of Rs. 100 each at Rs. 90 payable as:
Rs. 20 on application.
Rs. 30 on allotment (including discount).
Rs. 40 on first and final call.
Application were received for 20000 shares. Board of Directors decided to accept the application for 5000 shares in full, 5000 shares were rejected, and remaining 10000 shares were allocated on pro-rata basis. All
payments were duly received except first and final call of 400 shares issued on pro-rata basis.
Required:
a). Share application
b). Share allotment
c). Share first and final call.
2. Krishna Company issued 1000 shares of Rs. 100 each at par for public subscription. It also issued additional 6000 fully paid shares to gopi Company to purchase the following Assets:
Plant & Machinery Rs. 300000
Building Rs. 200000
Stock in Trade Rs. 140000
Required: Opening Balance Sheet of the company giving entries for the assets purchased only.
3. X company forfeited 100 shares of Rs. 100 each for non-payment of final call of Rs.30 and reissued to Z as fully paid for Rs.60 per shares.
Required:
a) Entry for forfeiture of shares.
b) Entry for re-issue of shares.
c) Transfer entry.
4. A company issued 5000 debenture of Rs.100 at a discount- Rs.90 as fully paid. These debentures are
repayable at a premium of 10%.
Required: Entry for Debenture issue.
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