Question 03 Chapter 8 of +2-Part-1
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: –
| Journal |
||||
| Date | Particulars |
Note no. | Current Year | |
| i) | Equity & Liability | |||
| Shareholders fund | ||||
| Share Capital | 1 | 3,46,000 | ||
| 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 up | 2,40,000 | |
| Less : Calls in Arrears (3,000X3) | 9,000 | 2,31,000 |
| 20,000 , 12 % Preference shares of Rs. 10 each , Rs. 8 called up | 1,20,000 | |
| Less : Calls in Arrears | 5,000 | 1,15,000 |
| 3,46,000 | ||
End of Solution
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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)
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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
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
- 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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