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प्रश्न
Narmada Ltd. has an authorised capital of ₹ 10,00,000 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 75,000 equity shares. All calls were made and were duly received except the first and final call of ₹ 2 per share on 5,000 shares held by Arti. These shares were forfeited.
- Present the share capital in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013.
- Also prepare 'Notes to Accounts' for the same.
उत्तर
| Extract of Balance Sheet of Narmada Ltd as at..... |
||||
| Particulars | Note No. | Current Year (₹) | Previous Year (₹) | |
| I. | EQUITY AND LIABILITIES | |||
| 1. | Shareholder's Funds | |||
| Share Capital | 1 | 7,40,000 | ||
Notes to Accounts:
| Note No. | Particulars | Amount (₹) | Amount (₹) |
| 1. | Share Capital | ||
| Authorised Capital | |||
| 1,00,000 equity shares of ₹ 10 each | 10,00,000 | ||
| Issued Capital | |||
| 80,000 equity shares of ₹ 10 each | 8,00,000 | ||
| Subscribed and fully paid capital | |||
| 70,000 equity shares of ₹ 10 each | 7,00,000 | 7,40,000 | |
| Add: Share forfeiture A/c ( 5,000 × ₹ 8) | 40,000 |
APPEARS IN
संबंधित प्रश्न
Suman and Sudha were partners in a firm sharing profits equally. Their fixed capitals were Rs 50,000 and Rs 25,000 respectively. The partnership deed provided interest on capital at the rate of 12% per annum. For the year ended 31stMarch, 2016, the profits of the firm were distributed without providing interest on capital.
Pass necessary adjustment entry to rectify the error.
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The form of business organisation where huge amount of capital can be raised.
Give one word/term/phrase for the following statement.
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When shares are forfeited Shares Capital Account is credited.
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- Present the share capital in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013.
- Also prepare "Notes to Accounts" for the same.
Find the odd one:
