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

Question no -02 Chapter no-1 Unimax Class-12 Part-II
Question no -02 Chapter no-1 Unimax Class-12 Part-II

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

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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 capital123,70,000 

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 @ ₹ 10each23,00,000 
Subscribed but not fully paid 10,000 equity share @ 101,00,000 
Less Call in Arrears30,000 
(10,000*3)70,00023,70,000

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Share Capital: Meaning, Types, and Classes

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

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

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

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

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