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प्रश्न
उत्तर
| Date | Particulars | L.F | Debit amount Rs | Credit Amount Rs |
|
Bank A/c To Share Application A/c (Share Application money received on application for 50,000 shares @ ₹25 per share) |
12,50,000
|
12,50,000
|
||
|
Share Application A/c To Share Capital A/c (Share Application money of 50,000 shares transferred to Share Capital Account) |
12,50,000
|
12,50,000
|
||
|
Share Allotment A/c To Share Capital A/c To Securities Premium A/c (Share Allotment money due on 50,000 shares @ ₹45 each at a premium of ₹5) |
25,00,000
|
22,50,000
2,50,000
|
||
|
Bank A/c To Share Allotment A/c (Allotment money received for 50,000 shares @ ₹50 per share)
|
25,00,000
|
25,00,000
|
||
|
Share First and Final Call A/c To Share Capital A/c (Share First and Final call due on 50,000 shares @ ₹30 per share) |
15,00,000
|
15,00,000
|
||
|
Bank A/c Calls in Arrears A/c To Share First and Final Call A/c (Share First and Final Call received except 400 shares) |
14,88,000 12,000
|
15,00,000 |
Sumit Machine Ltd.
Balance Sheet
| Particulars | Note No. |
Amount (₹) |
|
I. Equity and Liabilities 1. Shareholders’ Funds a. Share Capital b. Reserves and Surplus 2. Non-Current Liabilities 3. Current Liabilities
|
1 2
|
49,88,000 2,50,000
|
| Total | 52,38,000 | |
|
II. Assets Non-Current Assets Current Assets a. Cash and Cash Equivalents |
3 |
52,38,000 |
| Total |
Notes to Accounts
| Note No. |
Particulars |
Amount (₹) |
|
| 1 |
Share Capital Authorised Share Capital …….. shares of ₹ 100 each Issued Share Capital 50,000 shares of ₹ 100 each Subscribed, Called-up and Paid-up Share Capital 50,000 shares of ₹ 100 each Less: Calls-in-Arrears |
50,00,000 (12,000) |
50,00,000
49,88,000 |
| 2 |
Reserves and Surplus Securities Premium Reserve |
2,50,000 | |
| 3 |
Cash and Cash Equivalents Cash at Bank |
52,38,000 |
APPEARS IN
संबंधित प्रश्न
Anish Limited issued 30,000 equity shares of Rs 100 each payable at Rs 30 on application, Rs 50 on allotment and Rs 20 on Ist and final call. All money was duly received. Record these transactions in the journal of the company.
Rupak Ltd. issued 10,000 shares of Rs 100 each payable Rs 20 per share on application, Rs 30 per share on allotment and balance in two calls of Rs 25 per share. The application and allotment money were duly received. On first call all member pays their dues except one member holding 200 shares, while another member holding 500 shares paid for the balance due in full. Final call was not made. Give journal entries and prepare cash book.
Naman Ltd issued 20,000 shares of Rs 100 each, payable Rs 25 on application, Rs 30 on allotment , Rs 25 on first call and The balance on final call. All money duly received except Anubha, who holding 200 shares did not pay allotment and calls money and Kumkum, who holding 100 shares did not pay both the calls. The directors forfeited shares of Anubha and kumkum. Give journal entries.
Kishna Ltd issued 15,000 shares of Rs 100 each at a premium of Rs 10 per share, payable as follows:
|
On application |
Rs 30 |
|
On allotment |
Rs 50 (including premium) |
|
On first and final call |
Rs 30 |
All the shares subscribed and the company received all the money due, With the exception of the allotment and call money on 150 shares. These shares were forfeited and reissued to Neha as fully paid share of Rs 12 each Give journal entries in the books of the company.
Ashoka Limited Company which had issued equity shares of Rs.20 each at a premium of Rs. 4 per share, forfeited 1,000 shares for non-payment of final call of Rs.2 per share. 400 of the forfeited shares were reissued at Rs.14 per share out of the remaining shares of 200 shares reissued at Rs.20 per share. Give journal entries for the forfeiture and reissue of shares and show the amount transferred to capital reserve and the balance in Share Forfeiture Account.
Ajanta Company Limited having a normal capital of Rs 3,00,000, divided into shares of Rs 10 each offered for public subscription of 20,000 shares payable at Rs 2 on application; Rs 3 on allotment and the balance in two calls of Rs 2.50 each. Applications were received by the company for 24,000 shares. Applications for 20,000 shares were accepted in full and the shares allotted. Applications for the remaining shares were rejected and the application money was refunded. All moneys due were received with the exception of the final call on 600 shares which were forfeited after legal formalities were fulfilled. 400 shares of the forfeited shares were reissued at Rs 9 per share. Record necessary journal entries and prepare the balance Sheet showing the amount transferred to capital reserve and the balance in Share forfeiture account.
Star Ltd. is registered with capital of ₹ 50,00,000 divided into 50,000 equity shares of ₹ 100 each, The Company issued 25,000 equity shares for subscription. Subscription was received for 23,750 shares and all the due amount was duly received, except the first and final call of ₹ 20 per share on 600 shares. Show the 'Share Capital' in the Balance Sheet of the company.
Hema Ltd. invited applications for 10,000 shares of ₹ 100 each payable as follows:
₹ 20 on application, ₹ 30 on allotment, ₹ 20 on first call and the balance on final call.
All the shares were applied and allotted. All the money was duly received.
You are required to Journalise these transactions.
Marigold Ltd . was registered with the authorized capital of ₹ 3,00,000 divided into 3,000 shares of ₹ 100 each, which were offered to the public . Amount payable as ₹ 30 per share on application , ₹ 40 per share on allotment and ₹ 30 per share on first and final call . These shares were fully subscribed and all money was dully received . Prepare journal and Cash Book.
Shiva Ltd . issued 1,00,000 Equity Shares of ₹ 10 each at a premium of ₹ 5 per share . The whole amount was payable on application. The issue was fully subscribed . Pass necessary Journal entries.
Seema Ltd. offered for subscription 10,000 shares of ₹ 25 each, payable ₹ 5 per share on application, ₹ 10 per share on allotment (including ₹ 5 per share as premium), ₹ 5 per share as first call on the shares and the balance in two equal amounts at intervals of three months. All the shares were applied for and allotted. All the money was received except the second call and final call on 200 and 400 shares respectively. Pass the entries in the company's Journal, Cash Book and the ledger. Also show the company's Balance Sheet on completion of the above transactions.
Prohibits any invitation to public to subscribe for shares and Debentures for ______.
Prohibits any invitation or acceptance of deposits from persons other than its members, directors or their relatives for ______.
Capital raised by issue of shares is called ______.
Authorized share capital is also known as ______.
The amount on any call should not exceed Upto how much % of the face value of shares?
The owners of the shares are called ______
When shares are allotted, which of the following account is credited?
When full amount is due on any call but it is not received, then the short fall is debited to ______.
The difference between subscribed capital and called up capital is called ______.
