# Question 04 Chapter 1 of +2-B – USHA Publication 12 Class

Q-4- CH-1 Book 2 - Usha Pub. +2 Book 2020 - SolutionQ-4- CH-1 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 04 Chapter 1 of +2-B

Arrangement of Balance sheet Items

4. (Showing Full Format of Share Capital) A company has authorize share capital of Rs 10,00,000 divided into 75,000 Equity shares of Rs 10 each and 2,500 10% preference Shares of Rs 100 each. It issued 60% of Equity shares and 80% Preference Shares. Public Subscribed for 40,000 Equity share and 1,500 Preference Shares. On Equity shares company called up Rs 8 per share and on preference shares Rs 80 were called up. All calls were received on Preference shares but on 1,000 equity shares second call of calls of Rs 2 was not received. Out of 1,000 Equity Shares 600 were forfeited as the amount was not likely to be received.
Show share capital in Balance Sheet.

## The solution of Question 04 Chapter 1 of +2-B: –

Balance Sheet

 Particulars Note no. Amount I. Equity and Liabilities 1. Shareholders’ Funds Share Capital 1 4,38,000 Total 4,38,000

Notes to Accounts

 Particulars Note no. Amount 1. Share Capital Authorised Capital 75,000 equity Shares of Rs 10 each 7,50,000 2,500 10% Preference Shares of Rs 100 each 2,50,000 5,00,000 Shares of Rs 100 each 10,00,000 2. Issued Capital 45,000 equity Shares of Rs 10 each 4,50,000 2,000, 10% Preference Shares of Rs 100 each 2,00,000 6,50,000 Subscribed Capital Subscribed & Fully Paid-up Capital 39,400 equity Shares of Rs 10 each, Rs 8 called up Less: Calls in arrears (400 x Rs 2 ) 3,18,000 Add: Share Forfeited (600 x Rs 6 ) 1,500, 10% Preference Shares of Rs 100 each, Rs 80 called up 1,20,000 4,38,000

Balance Sheet: Meaning, Format & Examples

Comment if you have any question.

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 11 – Financial Statements of a Company Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

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

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

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

Question 24 Chapter 1 of +2-B – USHA Publication 12 Class

Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.

Thanks again.

End of Post

### Download a PDF of Chapter No. 11 – Financial Statements of a Company:

If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.

## 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

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

## 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.