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Question
Present the share capital in the Balance Sheet of the company as per the provisions of Schedule III of the Companies Act, 2013. Also, identify any two values that the company wishes to propagate.
Solution
|
Balance Sheet |
||
|
Particulars |
Note No. |
Amount (Rs) |
|
I. Equity and Liabilities |
|
|
|
1. Shareholders’ Funds |
|
|
|
a. Share Capital |
1 |
4,09,98,000 |
|
b. Reserves and Surplus |
|
|
|
2. Non-Current Liabilities |
|
|
|
2 |
10,00,000 |
|
Total |
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|
|
|
|
|
Notes
|
Particulars |
Amount (Rs) |
||
|
1 |
Share Capital |
|
|
|
|
Authorised Capital |
|
|
|
|
80,00,000 Equity Shares of Rs 10 each |
8,00,00,000 |
|
|
|
Issued, Subscribed , Called up & Paid up Capital |
|
|
|
|
41,00,000 Equity Shares of Rs 10 each fully called up |
4,10,00,000 |
|
|
|
Less: Calls-in-Arrears (1000××2) |
2,000 |
4,09,98,000 |
|
2 |
Long Term Borrowings |
|
|
|
|
10,000, 9% Debentures of Rs. 100 each |
10,00,000 |
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|
|
|
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Values Involved:
(a) Creating employment opportunities
(b) Promoting balance regional growth by contributing to development of rural areas
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