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प्रश्न
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.
उत्तर
In the books of Star Ltd.
An Extract of Balance Sheet
As at ……….
|
Particulars |
Note No. |
Amount |
| I. Equity And Liabilities Shareholders’ Funds |
|
|
| Share Capital |
1 |
23,63,000 |
Notes to Accounts:
|
Note No. |
Particulars |
|
Amount |
| 1. | Share Capital |
|
|
| Authorised Capital |
|
|
|
| 50,000 equity shares of ₹100 each |
|
50,00,000 |
|
| Issued Capital |
|
|
|
| 25,000 shares of ₹100 each |
|
25,00,000 |
|
| Subscribed Capital |
|
|
|
| 23,750 shares of ₹100 each |
23,75,000 |
|
|
| Less: Calls-in-Arrears (600 × 20) |
12,000 |
23,63,000 |
|
|
|
23,63,000 |
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Long Answer Question
State clearly the conditions under which a company can issue shares at a discount.
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|
With Application |
Rs 3 per share |
|
On allotment (including premium) |
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|
On First call |
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|
On Second and Final call |
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|
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|
On Allotment (including premium) |
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|
On First Call |
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|
On Second Call |
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Reason (R): Shares refer to the units into which the total share capital of a company is divided.
