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प्रश्न
'India Auto Ltd.' is registered with an authorised capital of Rs 7,00,00,000 divided into 7,00,000 shares Rs 100 each. The company issued 50,000 shares to the vendor for building purchased and 2,00,000 shares were issued to the public. The amount was payable as follows :
On application and allotment — Rs 20 per share
On the first call — Rs 50 per share
On second and final call — The balance
All calls were made and were duly received except on 100 shares held by Rajani, who failed to pay the second and final call. Her shares were forfeited.
Present the 'Share Capital' in the Balance Sheet of the company as per Schedule VI Part I of the
Companies Act, 1956. Also, prepare 'Notes to Accounts'.
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उत्तर
| India Auto Ltd Balance Sheet |
||
| Particulars | Note No |
Rs |
|
I. Equity and Liabilities 1. Shareholder’s Funds a. Share Capital |
1 |
2,49,97,000 |
| Total | 2,49,97,000 | |
|
II. Assets 1.Non - Current Assets a. Fixed Assets 2. Current Assets a. Cash and Cash Equivalents 3 |
2
3 |
50,00,000
1,99,97,000 |
| Total | 2,49,97,000 | |
| Note No | Particulars | Rs |
|
1
|
Share Capital Authorised Share Capital 7,00,000 shares of Rs 100 Issued Share Capital 2,50,000 shares of Rs 100 Subscribed Called-up and Paid up Share Capital 2,49,900 shares of Rs 100 2,49,90,000 Add: Shares Forfeited (100 shares of Rs 70) 7,000 |
7,00,00,000
2,50,00,000
2,49,97,000 |
|
2
|
Fixed Assets Building |
50,00,000 |
|
3
|
Cash and Cash Equivalents Cash at Bank |
1,99,97,000 |
