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प्रश्न
On 1st April 2012, Mayank Ltd. was formed with an authorised capital of Rs 25,00,000 divided into 50,000 equity shares of Rs 50 each. The company issued a prospectus inviting applications for 45,000 shares. The issue price was payable as under :
On Application: Rs 15
On Allotment: Rs 20
On Call: Balance amount
The issue was fully subscribed and the company allotted shares to all the applicants. The company did not make the call during the year. Show the following:
(a) Share capital in the Balance Sheet of the company as per revised Schedule-VI, Part-I of the Companies Act, 1956.
(b) Also, prepare 'Notes to Accounts' for the same.
उत्तर
| Journal | ||||
| Date | Particulars | L.F. |
Dr. Rs |
Cr. Rs |
|
Bank A/c Dr. To Share Application A/c (Being application for 45,000 shares received) Share Application A/c Dr. To share capital A/c (Being share application money accepted) |
6,75,000
6,75,000
|
6,75,000
6,75,000
|
||
| Balance Sheet (Extract) | ||
| Particulars | Note No. | Rs |
|
I. Equity and Liabilities 1. Shareholders’ fund a. Share capital
|
1 |
6,75,000 6,75,000 |
Note to Account
| Note No. | Particulars | Rs |
|
Share capital 50,000 share of Rs 50 each Issued capital 45,000 share of Rs 50 each Subscribed Capital 45,000 share of Rs 50 each Called and paid –up capital 45,000 share of Rs 15 each |
25,00,000
22,50,000
22,50,000
6,75,000 |
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