Question no 2 Chapter 1 - Unimax Class 12 Part 2

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

Table of Contents

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

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

XYZ Ltd. is registered with capital of ₹ 30,00,000 divided into 3,00,000 equity shares of ₹ 10 each. The company issued ₹ 2,50,000 equity share for subscription to the public. The public applied for 2,40,000 equity shares and all the money was duly received, except the final call of ₹ 3 per share on 10,000 share. Show how share capital will appear in the Balance sheet of the company. Also prepare ‘Note to Accounts for the same.

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

Balance Sheet of XYZ LTD.
As At ………

Particulars	Note No.	Amount Current year	Amount previous year
Equity and Liabilities
1 Share holders funds
a. share capital	1	23,70,000

Note to Amounts

Particulars		₹
1 share capital :
Authorized capital
3,00,000 equity share of ₹ 10 each		30,00,000
Issued capital:
2,50,000 Equity shares ₹ 10 each		25,00,000
Subscribed capital
Subscribed and fully paid up capital
2,30,000 equity shares @ ₹ 10each	23,00,000
Subscribed but not fully paid 10,000 equity share @ 10	1,00,000
Less Call in Arrears	30,000
(10,000*3)	70,000	23,70,000