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Note 22-May-2023

DIRECT TAX

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Rakesh mehto tutorial
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14 views

Note 22-May-2023

DIRECT TAX

Uploaded by

Rakesh mehto tutorial
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ÉJ In the Books of Xyz Ltd

i Eq share capital ale Dr 1 00,000


10,000 X 10
Premium on BuyBack D 1 50,000
10,000 15

TO Equityholder's 2 50,000

Being Amt made due on Buy Back of


10,000 shares 25
i Bank ale Dr 3000 10 30,000
To Pref Share capital 3000 10 30,000
Being 3000 Psc 10 issued for Buy Back

ii General Reserve ate Dr 2 20,000


TO CRR 1100,000 30,000 70,000
To premium on Buy Back 150,000

Being CRR Created premium on Buy Back


written off

iv Equityholder's ale Dr 2 50,000


To Bank Alc 2 50,000

Being due amt on Buy Back paid

c Expenses Buy Back ate


on Dr 8000
To cash Bank 8000
Being Expenses written off
son Journal Enteries
In the books of PyTm Ltd

i Eq snare capital ale Dr 16000 10 1160,000

premium on Brey Baek Dr 16000 10 160,000


TO Eq Shareholder Ale 3,20000
1160,000 20

Being ant due on Buy Back of 16000


shares 20 each
i General Reserve ale Do 3 20,000
TO CRR 1,601000
To premium on Brey Back 1,601000

Being CRR created and premium on

Buy Back written off

Ciii Bank ale Dr 3,201000


TO Investment 3,00000
TO p 22 20,000
Being Investment sold

Equity shareholder Alc D 3,201000


To Bank ALC 3,20000
Being Amt paid to shareholders
E
set
sod In the Books of New ERA Ltd
Journal Entries In Lacs

i Eq Share capital ale 60 10 600


Premium on Buy Back 60 5 300
To Equityholder's 900

Being Amt made due on Buy Back of


60 does snares 15 per snares

ii
Sod
In the Books of WIPRO LTD
Journal Entries In Lacs

particular's Dr G
i Eq Share capital a c 60 10 600
Premium on B Balc 60 5 300
To Eq Shareholders Go 15 900

Being Amt made due on

Buy Back of 60 lacs shares


is per share

i Bank alo Dr 200


TO 141 Pref Share capital 200

Being 2 lacs shares issued 100 each

for the purpose of B Back

ii General Reserve ate Dr 400


TO CRR 400

Being CRR created to the extent


of required amt

v SPR alc Dr 350


a R all Dr 50
to on B 400
Being premium on Buy Back written
off

v Bank all 150


To Investment 148
TO P L 2

Being investment sold

Ii Eq Share holder's all Dr 900


to Bank all 900

Being payment made

ii CRR all Do 400

GR all Do 50

To Bonus to Eq Shawholder's 450


Being Bonus shares declared I

foch 4 on 180 lace of 10 each

iii Bonus to Shawhodeler's ale 12 450


TO ESC ALC 450

Being Bonnet shares issued

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