Question No 1 Chapter 1 – Unimax Class 12 Part 2 – 2021
Table of Contents
The authorized capital of ABC Ltd. is ₹ 80,00,000 divided into 8,00,000 equity share of ₹ 10 each. Out of these, the company issued ₹ 4,00,000 equity shares for subscription to the public. The Public applied for ₹ 3,70,000 equity shares and all the money was duly received. How will you show the ‘share capital A/c in the balance sheet of ABC Ltd. also prepare ‘Note to Accounts for the same.
The solution of Question 1 Chapter 1 of +2 Part-2: –
Balance Sheet of ABC LTD.
As At ………
| Particulars |
Note No. |
Amount Current year |
Amount previous year |
| Equity and Liabilities | |||
| 1 Share holders funds | |||
| a. share capital | 1 | 37,00,000 |
Note to Amounts
| Particulars |
₹ |
| 1 share capital : | |
| Authorized capital | |
| 25,000 equity share of ₹ 200 each | 50,00,000 |
| Issued capital: | |
| 12,000 shares @ ₹ 200 each | 24,00,000 |
| Subscribed capital | |
| Subscribed and fully paid up capital | |
| 11,000 shares @ ₹ 200 each | 22,00,000 |
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Share Capital: Meaning, Types, and Classes
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
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