Advertisements
Advertisements
प्रश्न
Shiv Ltd. was registered with an authorised capital of ₹ 9,00,000 divided into equity shares of ₹ 10 each. The company issued a prospectus inviting applications for issuing 80,000 equity shares. The company received applications for 79,000 equity shares. All calls were made and duly received except the second and final call of ₹ 3 per share on 4,000 shares held by Anu. These shares forfeited.
- Present the 'Share capital' in the Balance Sheet of the company as per Scheduled III. Part I of the Companies Act, 2013.
- Also prepare 'Notes to Accounts' for the same.
खातेवही
Advertisements
उत्तर
| Extract of Balance Sheet of Shiv Ltd. as at... | ||||
| Particulars | Note No. | Current Year (₹) | Previous Year (₹) | |
| I. | EQUITY AND LIABILITIES | |||
| 1. | Shareholder's Funds | |||
| (a) | Share Capital | 1 | 7,78,000 | |
Notes to Accounts:
| Note No. | Particulars | Amount (₹) | Amount (₹) |
| 1. | Share Capital | ||
| Authorised Capital | |||
| 90,000 Equity Shares of ₹ 10 each | 9,00,000 | ||
| Issued Capital | |||
| 80,000 Equity Shares of ₹ 10 each | 8,00,000 | ||
| Subscribed and Fully paid capital | |||
| 75,000 Equity Shares of ₹ 10 each | 7,50,000 | 7,78,000 | |
| Add: Share Forfeiture A/c (4,000 × ₹ 7) | 28,000 |
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
