Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Advertisement
Advertisement
Advertisement
Advertisement
Question No 6 Chapter 1 - Class 12 Part 2 Unimax
Goodwill Ltd. was registered with an authorized capital of ₹ 6,00,000 divided into 60,000 equity shares of ₹ 10 each. Since the economy was in robust shape, the company decided to offer to the public for subscription 30,000 equity shares of ₹ 10 each at a premium of ₹ 20 per share. Application for 28,000 shares were received and allotment was made to all the application. All calls were made and duly received except the final call of ₹ 2 per share on 300 shares. Show the share capital in the Balance Sheet of goodwill Ltd. as per schedule 3, part 1 of the companies Act, 2013. Also prepare Note to Accounts for the same.
| Particulars |
Note No. |
Amount Current year |
Amount previous year |
|---|---|---|---|
| Equity and Liabilities | |||
| 1 Share holders funds | |||
| a. share capital | 1 | 2,79,400 |
Note to Accounts
| Particulars |
₹ | |
|---|---|---|
| 1 share capital : | ||
| Authorized capital | ||
| 60,000 equity shares of ₹ 10 each | 6,00,000 | |
| Issued capital: | ||
| 30,000 Equity shares ₹ 10 each | 3,00,000 | |
| Subscribed capital | ||
| Subscribed and fully paid up capital | ||
| 27,700 shares of @ 10 each | 2,77,000 | |
| Subscribed but not fully paid up | 3,000 | |
| Less: Call in Arrears | -600 | |
| (300 x 2) | 2,400 | 2,79,400 |
End of Solution
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 6 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.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question no 6 Chapter 1 - Class 12 Part 2 Unimax" instantly.
