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Question no 4 Chapter 1 - Class 12 Part 2 Unimax
MNC Ltd. has an authorized capital of ₹ 40,00,000 divided into 2,00,000 equity shares of each. The company invited applications for 30,000 shares. Applications for 28,000 shares received. All calls were made and were duly received except the final call of ₹ 3 per share on 2,000 shares. Show how share capital will appear in the balance sheet of the company.
| Particulars |
Note No. |
Amount Current year |
|---|---|---|
| Equity and Liabilities | ||
| 1 Shareholders funds | ||
| a. share capital | 1 | 5,54,000 |
Note to Accounts
| Particulars |
₹ | |
|---|---|---|
| 1 share capital : | ||
| Authorized capital | ||
| 2,00,000 equity shares of ₹ 20 each | 40,00,000 | |
| Issued capital: | ||
| 30,000 Equity shares ₹ 20 each | 6,00,000 | |
| Subscribed capital | ||
| Subscribed and fully paid up | ||
| 26,000 shares of @ 20 each | 5,20,000 | |
| Subscribed but not fully paid 2,000 shares of ₹ 20 each | 40,000 | |
| Less Call in Arrears | -6,000 | |
| (2,000*3) | 34,000 | 5,54,000 |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question no 4 Chapter 1 - Class 12 Part 2 Unimax", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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