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

Question no -06 Chapter no-1 Unimax Class-12 Part-II
Question no -06 Chapter no-1 Unimax Class-12 Part-II

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

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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 capital12,79,400 

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 each2,77,000  
Subscribed but not fully paid up3,000 
Less Call in Arrears-600 
(300*2)2,4002,79,400

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

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

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