Question 4 Chapter 8 of +2-A - T.S. Grewal 12 Class

Question 4 Chapter 8 of +2-A

Disclosure of share capital in the company’s Balance sheet.

4. Star ltd is registered with capital of Rs 50,00,000 divided into 50,000 equity shares of each. the company issued 25,000 equity shares for a subscription. the subscription was received for 23,750 shares and all the due was duly received, except the first call and final call of Rs 20 per shares on 600 shares.
Show the share capital in the balance sheet of the company.

Note: problems related to disclosure of share capital in the company’s balance sheet are also given under the head issue of shares at par and at a premium

The solution of Question 4 Chapter 8 of +2-A: - 

In the Books of Leenova Ltd. .

Balance Sheet
Particulars	Note	Figures as at the end of the Previous Reporting Period
(1)	(2)	(3)
I. Equity and Liabilities
1. Shareholders’ Funds
(a) Share Capital	1	23,63,000
		23,63,000

 

Note No. 1

Particulars	Details	Amount
Share capital
Authorized capital
50,000 Equity share of Rs 100 each		50,00,000
Issued capital
25,000 Equity shares of Rs 100 each		25,00,000
Subscribed capital
Subscribed and fully paid-up
Subscribed but not fully paid-up
23,750 Equity shares of Rs 100 each	23,75,000
Subscribed but not paid-up
600 Equity shares of Rs 20 each LESS:(600*12 =12,000)	( 12000 )
		23,63,000
		23,63,000 00,000

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Also, Check out the solved question of previous Chapters: -

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

• Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
• Chapter No. 2 - Accounting for Partnership Firms - Fundamentals
• Chapter No. 3 - Goodwill: Nature and Valuation
• Chapter No. 4 - Change in Profit-Sharing Ratio Among the Existing Partners
• Chapter No. 5 - Admission of a Partner
• Chapter No. 6 - Retirement/Death of a Partner
• Chapter No. 7 - Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 8 - Company Accounts -  Accounting for Share Capital
• Chapter No. 9 - Company Accounts - Issue of Debentures
• Chapter No. 10 - Redemption of Debentures

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 1 - Financial Statements of a Company
• Chapter No. 2 - Financial Statement Analysis 
• Chapter No. 3 - Tools of Financial Statement Analysis - Comparative Statements and Common- Size Statements
• Chapter No. 4 - Accounting Ratios
• Chapter No. 5 - Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication