Question no 6 Chapter 1 - Unimax Class 12 Part 2

Question No 6 Chapter 1 – Unimax Class 12 Part 2 – 2021

Table of Contents

The solution of Question 6 Chapter 1 of +2 Part-2: –

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

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

Goodwill Ltd. was registered with an authorized capital of ₹ 6,00,000 divided into 60,000 equity shares of ₹ 10 each. Since the economy was in robust shape, the company decided to offer to the public for subscription 30,000 equity shares of ₹ 10 each at a premium of ₹ 20 per share. Application for 28,000 shares were received and allotment was made to all the application. All calls were made and duly received except the final call of ₹ 2 per share on 300 shares. Show the share capital in the Balance Sheet of goodwill Ltd. as per schedule 3, part 1 of the companies Act, 2013. Also prepare Note to Accounts for the same.

The solution of Question 6 Chapter 1 of +2 Part-2: –

Balance Sheet of Goodwill
As At ………

Particulars	Note No.	Amount Current year	Amount previous year
Equity and Liabilities
1 Share holders funds
a. share capital	1	2,79,400

Note to Accounts

Particulars		₹
1 share capital :
Authorized capital
60,000 equity shares of ₹ 10 each		6,00,000
Issued capital:
30,000 Equity shares ₹ 10 each		3,00,000
Subscribed capital
Subscribed and fully paid up capital
27,700 shares of @ 10 each	2,77,000
Subscribed but not fully paid up	3,000
Less Call in Arrears	-600
(300*2)	2,400	2,79,400