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Question 03 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 03 Chapter 8 of +2- Part
Q-3 - CH-8 - Usha +2 Book 2018 - Solution

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Question 03 Chapter 8 of +2-Part-1

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3. (Balance Sheet/Notes to Accounts) A company has received applications for 30,000 equity shares of Rs. 10 each and 20,000 12% preference shares of Rs. 10 each. The company called up Rs. 8 on per equity shares and Rs. 6 on per preference shares.
Ajit did not pay Rs. 3 per share on his 3,000 shares and Sumit did not pay Rs. 5,000 on his preference shares.
Show the capital is Balance Sheet .

The solution of Question 03 Chapter 8 of +2 Part-1: –

Day 167 Solution of Questions 1 2 and 3 Share Capital Chapter 8 Accounts class 12

Journal
Date  Particulars
Note no.Current Year
i)Equity & Liability   
 Shareholders fund   
 Share Capital 13,46,000
    
Particulars
Amount
Shared capital  
Authorized capital  
Subscribed capital  
30,000 equity shares of Rs. 10 each 3,00,000
20,000 , 12 % Preference shares of Rs. 10 each 2,00,000
Called up capital 5,00,000
30,000 equity shares of Rs. 10 each , Rs. 8 called up 2,40,000
20,000 , 12 % Preference shares of Rs. 10 each , Rs. 8 called up 1,20,000
Paid up capital 3,60,000
30,000 equity shares of Rs. 10 each , Rs. 8 called up2,40,000 
Less : Calls in Arrears (3,000X3)9,0002,31,000
20,000 , 12 % Preference shares of Rs. 10 each , Rs. 8 called up1,20,000 
Less : Calls in Arrears5,0001,15,000
  3,46,000

End of Solution

Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 8 – Company Accounts (Share Capital) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

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Question 06 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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Question 18 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 20 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 26 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 31 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 3 Chapter 8 of +2-Part-1 – USHA Publication

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Question 43 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 50 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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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)

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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

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

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