Prepare the Balance Sheet of the company showing the different types of share capital.
Solution-:
Gopal Ltd. | ||
| Note No. |
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(I) EQUITY AND LIABILITIES 1. Shareholders ‘Funds (a) Share Capital 2. Non-Current Liabilities 3. Current Liabilities |
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Total | 44,99,000 | |
(ii). ASSETS 1. Non-Current Assets 2. Current Assets (a) Cash and Cash Equivalents |
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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) |
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2. | Cash and Cash Equivalents Cash at Bank |
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