Question 03 Chapter 1 of +2-B
Arrangement of Balance sheet Items
3. (Subscribed but Not Full Paid up Capital) Assam Tea Company was registered with 5,00,000 equity shares of Rs 100 each. The company invited applications for Rs 4,00,000 Equity shares. However, only 3,00,000 shares where subscribed and allotment was made to all applicants. Company called Rs 80 per share. One shareholder holding 5,000 shares did not pay first call of Rs 10. Show share capital in balance Sheet.
The solution of Question 03 Chapter 1 of +2-B: –
Balance Sheet of Assam Tea Company
Particulars |
Note no. | Amount |
I. Equity and Liabilities | ||
1. Shareholders’ Funds | ||
Share Capital | 1 | 2,39,50,000 |
Total | 2,39,50,000 |
Notes to Accounts
Particulars |
Note no. | Amount |
1. Share Capital | ||
Authorised Capital | ||
5,00,000 Shares of Rs 100 each | 5,00,00,000 | |
2. Issued Capital | ||
4,00,000 Shares of Rs 100 each | 4,00,00,000 | |
Subscribed Capital | ||
Subscribed & Fully Paid-up Capital | ||
3,00,000 Shares of Rs 100 each, Rs 80 called up | ||
Less :Calls in arrears (5,000 x Rs 10 ) | 2,39,50,000 | |
2,39,50,000 |
To understand more about Balance Sheet please check out following links:
Balance Sheet: Meaning, Format & Examples
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Question 09 Chapter 1 of +2-B – USHA Publication 12 Class
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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
Chapter No. 11 – Financial Statements of a Company
Chapter No. 12 – Financial Statement Analysis
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
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Chapter No. 14 – Accounting Ratios
Chapter No. 15 – Cash Flow Statement
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- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
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