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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Star Ltd. is registered with a capital of ₹50,00,000 divided into 50,000 equity shares of ₹100 each. The company issued 25,000 equity shares for subscription. Subscription was received for 23,750 shares, and all due amounts were received except the first and final call of ₹20 per share on 600 shares. Show the Share Capital in the Balance Sheet.
BALANCE SHEET OF STAR LTD. (Extract)
| Particulars | Note No. | ₹ |
|---|---|---|
| I. Equity and Liabilities | ||
| Shareholders’ Funds: Share Capital | 1 | 23,63,000 |
NOTES TO ACCOUNTS
| Particulars | ₹ |
|---|---|
| 1. Share Capital | |
| Authorised Capital: 50,000 Equity Shares of ₹100 each | 50,00,000 |
| Issued Capital: 25,000 Equity Shares of ₹100 each | 25,00,000 |
| Subscribed Capital: 23,750 Equity Shares of ₹100 each | 23,75,000 |
| Less: Calls-in-Arrears (600 × ₹20) | (12,000) |
| Total Share Capital | 23,63,000 |
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 "T.S. Grewal Class 12 Vol 2 Chapter 1 Q.4 - Share Capital", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 1 - Share Capital.
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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