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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Grand Hotels Ltd. had an authorised capital of ₹50,00,000 divided into 50,000 Equity Shares of ₹100 each. It issued 10,000 Equity Shares to the public for subscription: On Application ₹40 per share; On Allotment ₹30 per share; balance on First and Final Call. Shares were fully subscribed and amounts called were duly received. The First and Final Call was not yet made. Prepare the Balance Sheet of the company showing Share Capital.
BALANCE SHEET OF GRAND HOTELS LTD. (Extract)
| Particulars | Note No. | ₹ |
|---|---|---|
| Shareholders’ Funds: Share Capital | 1 | 7,00,000 |
NOTES TO ACCOUNTS
| Particulars | ₹ |
|---|---|
| 1. Share Capital | |
| Authorised Share Capital: 50,000 Equity Shares of ₹100 each | 50,00,000 |
| Issued Share Capital: 10,000 Equity Shares of ₹100 each | 10,00,000 |
| Subscribed but not Fully Paid-up: 10,000 Equity Shares of ₹100 each (Called-up ₹70) | 7,00,000 |
| Total Share Capital | 7,00,000 |
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.5 - 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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