practical problems

Accounting Equation Solved Problems for Class -11 (TS Grewal)

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The accounting equation is like the foundation of a house, supporting everything built on top of it. In simple terms, it shows that everything a company owns (its assets) is funded either by what it owes (its liabilities) or by what the owners have invested (its equity). The accounting equation, fundamental to the double-entry accounting …

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Underwriting of Shares and Debentures

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When a company issues shares, it should receive the amount of minimum subscription as mentioned in the prospectus. According to the provisions of Section 69 (1) of the Companies Act, the minimum subscription should not be less than 90% of the issue value. It should be received within 120 days from the date of opening …

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