Question 1: Gopal Ltd. was registered with an authorised capital of ₹ 50,00,000 divided into Equity Shares of ₹ 100 each . The company offered for public subscription all the shares . Public applied for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duly received except the final call of ₹ 20 per share on 500 shares.
Prepare the Balance Sheet of the company showing the different types of share capital.
Solution-:
Note to Account
|
Gopal Ltd. |
||
|
|
Note No. |
|
|
(I) EQUITY AND LIABILITIES 1. Shareholders ‘Funds (a) Share Capital 2. Non-Current Liabilities 3. Current Liabilities |
|
|
|
Total |
44,99,000 |
|
|
(ii). ASSETS 1. Non-Current Assets 2. Current Assets (a) Cash and Cash Equivalents |
|
|
|
Total |
44,99,000 |
|
|
Note No. |
Particulars |
Amount (₹) |
|
1. |
Share Capital Authorised Share Capital 5,00,000 equity shares of Rs 10 each Issued Share Capital 5,00,000 equity shares of Rs 10 each Subscribed, Called-up and Paid-up Share Capital 4,50,000 equity shares of Rs 10 each 45,00,000 Less: Calls in Arrears (500 shares × Rs 2) (1,000) |
|
|
2. |
Cash and Cash Equivalents Cash at Bank |
|
Question 1: Gopal Ltd. was registered with an authorised capital of ₹ 50,00,000 divided into Equity Shares of ₹ 100 each . The company offered for public subscription all the shares . Public applied for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duly received except the final call of ₹ 20 per share on 500 shares.
Prepare the Balance Sheet of the company showing the different types of share capital.
Solution-:
Gopal Ltd. | ||
| Note No. |
|
(I) EQUITY AND LIABILITIES 1. Shareholders ‘Funds (a) Share Capital 2. Non-Current Liabilities 3. Current Liabilities |
|
|
Total | 44,99,000 | |
(ii). ASSETS 1. Non-Current Assets 2. Current Assets (a) Cash and Cash Equivalents |
|
|
Total | 44,99,000 | |
Note to Account
Note No. | Particulars | Amount (₹) |
1. | Share Capital Authorised Share Capital 5,00,000 equity shares of Rs 10 each Issued Share Capital 5,00,000 equity shares of Rs 10 each Subscribed, Called-up and Paid-up Share Capital 4,50,000 equity shares of Rs 10 each 45,00,000 Less: Calls in Arrears (500 shares × Rs 2) (1,000) |
|
2. | Cash and Cash Equivalents Cash at Bank |
|
Question 1: Gopal Ltd. was registered with an authorised capital of ₹ 50,00,000 divided into Equity Shares of ₹ 100 each . The company offered for public subscription all the shares . Public applied for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duly received except the final call of ₹ 20 per share on 500 shares.
Prepare the Balance Sheet of the company showing the different types of share capital.
Solution-:
Gopal Ltd. | ||
| Note No. |
|
(I) EQUITY AND LIABILITIES 1. Shareholders ‘Funds (a) Share Capital 2. Non-Current Liabilities 3. Current Liabilities |
|
|
Total | 44,99,000 | |
(ii). ASSETS 1. Non-Current Assets 2. Current Assets (a) Cash and Cash Equivalents |
|
|
Total | 44,99,000 | |
Note to Account
Note No. | Particulars | Amount (₹) |
1. | Share Capital Authorised Share Capital 5,00,000 equity shares of Rs 10 each Issued Share Capital 5,00,000 equity shares of Rs 10 each Subscribed, Called-up and Paid-up Share Capital 4,50,000 equity shares of Rs 10 each 45,00,000 Less: Calls in Arrears (500 shares × Rs 2) (1,000) |
|
2. | Cash and Cash Equivalents Cash at Bank |
|
