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Question
Gopal Ltd. was registered with an authorised capital of ₹ 50,00,000 divided into Equity Shares of ₹ 100 each . The company offered for public subscription all the shares . Public applied for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duly received except the final call of ₹ 20 per share on 500 shares.
Prepare the Balance Sheet of the company showing the different types of share capital.
Solution
Gopal Ltd.
Balance Sheet
|
Particulars |
Note No. |
Amount |
|
I. Equity and Liabilities |
|
|
|
1. Shareholders’ Funds |
|
|
|
a. Share Capital |
1 |
44,90,000 |
|
2. Non-Current Liabilities |
|
|
|
3. Current Liabilities |
|
|
|
Total |
|
44,90,000 |
|
II. Assets |
|
|
|
1. Non-Current Assets |
|
|
|
2. Current Assets |
|
|
|
a. Cash and Cash Equivalents |
2 |
44,90,000 |
|
Total |
|
44,90,000 |
NOTES TO ACCOUNTS
|
Note No. |
Particulars |
Amount (Rs) |
|
|
1 |
Share Capital |
|
|
|
|
Authorised Share Capital |
|
|
|
|
50,000 equity shares of Rs 100 each |
50,00,000 |
|
|
|
Issued Share Capital |
|
|
|
|
50,000 equity shares of Rs 100 each |
50,00,000 |
|
|
|
Subscribed, Called-up and Paid-up Share Capital |
44,90,000 |
|
|
|
45,000 equity shares of Rs 100 each |
45,00,000 |
|
|
|
Less: Calls in Arrears (500 shares × Rs 20) |
(10,000) |
|
|
2 |
Cash and Cash Equivalents |
|
|
|
|
Cash at Bank |
44,90,000 |
|
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