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VDO+ Tag:Question 4 Chapter 11 of Class 12 Part – 2 – 2024
Arrangement of Balance sheet Items
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Video Tag:4. (Showing Full Format of Share Capital) A company has authorize share capital of Rs 10,00,000 divided into 75,000 Equity shares of Rs 10 each and 2,500 10% preference Shares of Rs 100 each. It issued 60% of Equity shares and 80% Preference Shares. Public Subscribed for 40,000 Equity share and 1,500 Preference Shares. On Equity shares company called up Rs 8 per share and on preference shares Rs 80 were called up. All calls were received on Preference shares but on 1,000 equity shares second call of calls of Rs 2 was not received. Out of 1,000 Equity Shares 600 were forfeited as the amount was not likely to be received.
Show share capital in Balance Sheet.
The solution of Question 4 Chapter 11 of Class 12 Part – 2 – 2024 –
Balance Sheet
| Particulars |
Note no. | Amount |
| I. Equity and Liabilities | ||
| 1. Shareholders’ Funds | ||
| Share Capital | 1 | 4,38,000 |
| Total | 4,38,000 |
Notes to Accounts
| Particulars |
Note no. | Amount |
| 1. Share Capital | ||
| Authorised Capital | ||
| 75,000 equity Shares of Rs 10 each | 7,50,000 | |
| 2,500 10% Preference Shares of Rs 100 each | 2,50,000 | |
| 5,00,000 Shares of Rs 100 each | 10,00,000 | |
| 2. Issued Capital | ||
| 45,000 equity Shares of Rs 10 each | 4,50,000 | |
| 2,000, 10% Preference Shares of Rs 100 each | 2,00,000 | |
| 6,50,000 | ||
| Subscribed Capital | ||
| Subscribed & Fully Paid-up Capital | ||
| 39,400 equity Shares of Rs 10 each, Rs 8 called up | ||
| Less: Calls in arrears (400 x Rs 2 ) | 3,18,000 | |
| Add: Share Forfeited (600 x Rs 6 ) | ||
| 1,500, 10% Preference Shares of Rs 100 each, Rs 80 called up | 1,20,000 | |
| 4,38,000 |
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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
Chapter No. 11 – Financial Statements of a Company
Chapter No. 12 – Financial Statement Analysis
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Ratio Analysis
Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication