Question no 42 Chapter 1- Unimax Class 12 Part 2 – 2021

Question No  42 Chapter 1 – Unimax Class 12 Part 2 – 2021

X Ltd. has an authorized capital of ₹ 10,00,000 divided into equity shares of ₹ 10 each. The company invited application for 50,000 shares. Application for 40,000 share were received. All calls were made and were duly received except the final call of ₹ 2 per shares on 1,000 shares. 500 of the shares on which the final call was not received were forfeited. Show how share capital will appear in the balance sheet of the company.

The solution of Question 42 Chapter 1 of +2 Part-2: –

Balance Sheet (Extract form)

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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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