Unimax Publication Class 12 Part 2 - 2021 Solutions Chapter No 1 Share Capital

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

The authorized capital of ABC Ltd. is ₹ 80,00,000 divided into 8,00,000 equity share of ₹ 10 each. Out of these, the company issued ₹ 4,00,000 equity shares for subscription to the public. The Public applied for ₹ 3,70,000 equity shares and all the money was duly received. How will you show the ‘share capital A/c in the balance sheet of ABC Ltd. also prepare ‘Note to Accounts for the same.

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

Balance Sheet of ABC LTD.
As At ………

Particulars	Note No.	Amount Current year	Amount previous year
Equity and Liabilities
1 Share holders funds
a. share capital	1	37,00,000

Note to Amounts

Particulars	₹
1 share capital :
Authorized capital
25,000 equity share of ₹ 200 each	50,00,000
Issued capital:
12,000 shares @ ₹ 200 each	24,00,000
Subscribed capital
Subscribed and fully paid up capital
11,000 shares @ ₹ 200 each	22,00,000

Thanks, Please Like and share with your friends  

Comment if you have any Doubts.

https://tutorstips.com/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

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

[caption id="attachment_6901" align="alignnone" width="225"] T.S. Grewal's Analysis of Financial Statements[/caption]