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Question no 1 Chapter 1 – Unimax Class 12 Part 2 – 2021

Question no -01 Chapter no-1 Unimax Class-12 Part-II
Question no -01 Chapter no-1 Unimax Class-12 Part-II

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Question No 1 Chapter 1 – Unimax Class 12 Part 2 – 2021

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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 capital137,00,000 

Note to Amounts

Particulars
1 share capital : 
Authorized capital 
25,000 equity share of ₹ 200 each50,00,000
Issued capital: 
12,000 shares @ ₹ 200 each24,00,000
Subscribed capital 
Subscribed and fully paid up capital 
11,000 shares @ ₹ 200 each22,00,000

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Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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