Question no 4 Chapter 1 - Unimax Class 12 Part 2

Question No 4 Chapter 1 – Unimax Class 12 Part 2 – 2021

Table of Contents

The solution of Question 4 Chapter 1 of +2 Part-2: –

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

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

MNC Ltd. has an authorized capital of ₹ 40,00,000 divided into 2,00,000 equity shares of each. The company invited applications for 30,000 shares. Applications for 28,000 shares received. All calls were made and were duly received except the final call of ₹ 3 per share on 2,000 shares. Show how share capital will appear in the balance sheet of the company.

The solution of Question 4 Chapter 1 of +2 Part-2: –

Balance Sheet of MNC
As At ………

Particulars	Note No.	Amount Current year	Amount previous year
Equity and Liabilities
1 Share holders funds
a. share capital	1	5,54,000

Note to Amounts

Particulars		₹
1 share capital :
Authorized capital
2,00,000 equity shares of ₹ 20 each		40,00,000
Issued capital:
30,000 Equity shares ₹ 20 each		6,00,000
Subscribed capital
Subscribed and fully paid up
26,000 shares of @ 20 each	5,20,000
Subscribed but not fully paid 2,000 shares of ₹ 20 each	40,000
Less Call in Arrears	-6,000
(2,000*20)	34,000	5,54,000