Equity Shares

(Comprehensive Illustration). Green Ltd. was registered with an authorised capital of Rs. 2,00,000 in Rs. 10 per equity share, of these 6,000 Equity Shares issued as fully paid to the vendor for purchase of building, 8,000 Equity Shares were issued for subscription and during the first year Rs. 5 per Equity Share were called-up, payable Rs. 2 on application, Rs. 1 on allotment, Rs. 1 on first call and Rs. 1 on second call. The amounts received in respect of these shares were: On 6,000 Equity Shares the full amount was received, On 1,250 shares Rs. 4 per Equity Share, On 500 shares Rs. 3 per Equity Share, On 250 shares Rs. 2 per Equity Share. The company forfeited 750 Equity Shares on which less than Rs. 4 per Equity Share had been paid. Pass Journal entries in the books of the company and also show share capital in its Balance Sheet .

Better Prospect Ltd. acquired land costing Rs. 1,00,000 and in payment allotted 1,000 Equity Shares of Rs. 100 each as fully paid. Further, the company issued 4,000 Equity Shares for subscription payable as follows: Rs. 30 on application, Rs. 30 on allotment, Rs. 40 on first and final call. Applications were received for all shares which were allotted. All the money was received except the call on 200 shares. Pass Journal entries and prepare Balance Sheet of the company.

Following is the extract from the Balance sheet of Zee Ltd. Additional Infromation: (i) Proposed divided on equity Share for the years 2017-18 and 2018-19 are ₹1,60,000 and ₹2,00,000 respectively. (ii) An Interim Dividend of ₹40,000 on Equity Shares was paid. Calculate Net Profit before Tax and Extrodinry Items.

An Equity share is also commonly referred to as

{:("From the following data ,calculate Return","₹ "),("Equity share Capital ","1,00,000"),("10% Preference share Capital ","2,90,000"),("Net profit after Interset and Tax","2,94,000"):}