Question 01 Chapter 8 of +2 Part-1 - USHA Publication 12 Class Part

Question 01 Chapter 8 of +2-Part-1

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The solution of Question 01 Chapter 8 of +2 Part-1: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

1. (Types of Capital) Alfa Ltd was incorporated with an authorized capital of Rs. 50,00,000 divided in to equity shares of Rs. 100 each. It issued Rs. 40,000 shares to the public for cash. Applications were received for Rs. 35,000 shares. The company called up Rs. 80 per share. Ashok who has allotted Rs. 1,000 shares did not pay call money @ Rs. 10 per share.
Show the amount for various categories of capital.

The solution of Question 01 Chapter 8 of +2 Part-1: –


Particulars		Amount
Authorized capital
50,000 shares of Rs. 100 each		50,00,000
Issued capital
40,000 shares of Rs. 100 each		40,00,000
Subscribed capital
35,000 shares of Rs. 100 each		35,00,000
Called up capital
35,000 shares of Rs. 100 each @ Rs. 80 each		28,00,000
Paid up capital
35,000 shares of Rs. 100 each @ Rs. 80 per share called up		28,00,000
Less : Calls in Arrears (1,000X10)		10,000
		27,90,000
Unissued capital
50,00,000 – 40,00,000		10,00,000
Unissued capital
40,00,000 – 35,00,000		5,00,000
Unissued capital
35,00,000 – 28,00,000		7,00,000