The following transactions related to Almas Co. Ltd. 1. The Company offered 50,000 shares of Rs. 10 each at Rs. 14. The Company received application for 63,000 shares. The Company finalized the allotment and the excess money was refunded. 3. The Company purchased land worth 5,00,000 and issued 45,000 shares of Rs. 10 each to vendor. 4. The Company purchased machine and in consideration there of issued 16,000 share of Rs. 10 each. The market price of the share was Rs. 12.50. 5. The Company issued 2,000 debentures of Rs. 100 each at per repayable after five years at 5% redemption premium. 6. The Company issued 1,000 debentures of Rs.100 each at Rs. 95 repayable after five years at Rs. 105. Required Record the above transactions in the General Journal of the Company.
The following transactions related to Almas Co. Ltd.
1. The Company offered 50,000 shares of Rs. 10 each at Rs. 14. The Company
received application for 63,000 shares. The Company finalized the allotment and the
excess money was refunded.
3. The Company purchased land worth 5,00,000 and issued 45,000 shares of Rs. 10
each to vendor.
4. The Company purchased machine and in consideration there of issued 16,000
share of Rs. 10 each. The market price of the share was Rs. 12.50.
5. The Company issued 2,000 debentures of Rs. 100 each at per repayable after five
years at 5% redemption premium.
6. The Company issued 1,000 debentures of Rs.100 each at Rs. 95 repayable after
five years at Rs. 105.
Required Record the above transactions in the General Journal of the Company.
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