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प्रश्न
Excel Ltd. was registered with capital of ₹ 5,00,000 divided into 50,000 Equity Shares of ₹ 10 each. It issued 20,000 Equity Shares to public for subscription. The shares were subscribed and calls were made and received except first and final call of ₹ 2 on 500 shares held by Varun.
Prepare Balance Sheet of the company showing Share Capital.
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उत्तर
| Balance Sheet | ||
|---|---|---|
| Particulars | Note No. | ₹ |
| EQUITY AND LIABILITIES | ||
| Shareholders' Funds | ||
| Share Capital | 1 | 1,99,000 |
| Notes to Accounts | |
|---|---|
| Particulars | ₹ |
| Note 1: Share Capital | |
| Authorised Capital: | |
| 50,000 Equity Shares of ₹ 10 each | 5,00,000 |
| Issued Capital: | |
| 20,000 Equity Shares of ₹ 10 each | 2,00,000 |
| Subscribed and Fully Paid-up Capital: | |
| 19,500 Equity Shares of ₹ 10 each | 1,95,000 |
| Subscribed but Not Fully Paid-up Capital: | |
| 500 Equity Shares of ₹ 10 each | 5,000 |
| Less: Calls-in-Arrears (500 × ₹ 2) | (1,000) |
| 4,000 | |
| Total Share Capital | 1,99,000 |
Working note:
Face value per share: ₹ 10
Shares issued and subscribed: 20,000 shares
First and Final Call unpaid on 500 shares:
500 × ₹ 2 = ₹ 1,000
Therefore, Calls-in-Arrears = ₹ 1,000
Fully paid-up shares:
20,000 − 500 = 19,500 shares
Subscribed and Fully Paid-up Capital:
19,500 × ₹ 10 = ₹ 1,95,000
Subscribed but Not Fully Paid-up Capital:
500 × ₹ 10 = ₹ 5,000
Less: Calls-in-Arrears:
₹ 5,000 − ₹ 1,000 = ₹ 4,000
Total Share Capital:
₹ 1,95,000 + ₹ 4,000 = ₹ 1,99,000
