Home
Class 12
ACCOUNTS
On 1st April, 2017, Shakti Ltd. was form...

On 1st April, 2017, Shakti Ltd. was formed with an authorized capital of Rs. 60,00,000 divided into 3,00,000 equity shares of Rs. 20 each. Out of these, 50,000 shares were issued to the vendors as fully paid up for purchase of office premises. The directors offered 1,20,000 shares to the public and called up Rs. 10 per share and received the entire called up amount on these shares. Show the share capital in the Balance Sheet of the company as per Schedule-III and also prepare 'notes to accounts'.

Promotional Banner

Similar Questions

Explore conceptually related problems

X' Ltd. was formed with a capital of Rs 15,00,000 divided into equity shares of Rs 10 each. Out of these 6,000 shares were issued to the vendors as fully paid as purchase consideration for a building acquired and 3,000 shares were issued to signatories to the Memorandum of Association as fully paid. The Directors offered 19,500 shares to the public and called up Rs 6 per share and received the entire called up amount on shares allotted. Prepare a Balance Sheet showing Share Capital as per Schedule III Part I of Companies Act, 2013 from the above transactions in the books of 'X' Ltd.

Nupur Ltd. was rehistered with an Authorised Capital of Rs. 20, 00,000 divided into 2,00,000 equity of Rs. 10 each. The Company offered 1,50,000 equity shares for subscription to public and applications were received for 1,40,000 equility shares. The directors called Rs. 7 per share upto 31st March and the money called was duly received. Show the Share Capital in the Balance Sheet of the Company together with notes to accounts.

Sun Pharma Ltd. is registered with an authorized capital of Rs. 1,00,00,000 divided into 1,00,000 equity shares of Rs. 100 each. The company issued 50,000 shares at a premium of Rs. 40 per share. A shareholder holding 500 shares did not pay the final call of Rs. 20 share. A shareholder holding 500 shares did not pay the final call of Rs. 20 per share. His shares were forfeited. Present the 'Share Capital in the Balance Sheet of the Company as per Schedule III Part I of the Companies Act, 2013. Also prepare notes to accounts.

Suvidha Ltd.' is registered with an authorised capital of Rs. 10,00,00,000 divided into 10,00,000 Equity Shares of Rs. 100 each. The company issued 1,00,000 shares for public subscription. A shareholder holding 100 shares, failed to pay the final call of Rs. 20 per share. His shares were forfeiled. The forfeited shares were reissued at Rs. 90 per share as fully paid-up. Present the 'Share Capital' in the Balance Sheet of the company as per Schedule VI, part I of the Companies Act, 1956 (Now Schedule III, Part I of the Companies ACt, 2013). Also prepare 'Note to Accounts'.

Star Ltd. is registered with capital of Rs. 50,00,000 divided into 50,000 equity shares of Rs. 100 each. The Company issued 25,000 equity shares for subscription . Subscription was received for 23,750 shares and all the due amount was duly received, except the first and final call of Rs. 20 per share on 600 shares. Show the 'Share Capital' in the Balance Sheet of the company.

Samprag Ltd. has an authorised capital of Rs. 20,00,000 divided into equity shares of Rs. 10 each. The company invited applications for issuing 60,000 shares. Applications for 58,000 shares were received. All calls were made and were duly received except the final call of Rs. 3 per share on 2,000 shares. These shares were forfeited. (a) Present the share capital in the Balance Sheet of the company as per Schedule III of the Companies Act, 2013. (b) Also prepare 'Notes to Accounts' for the same.

Samprag Ltd. has an authorised capital of Rs. 20,00,000 divided into equity shares of Rs. 10 each. The company invited applications for issuing 60,000 shares. Applications for 58,000 shares were received. All calls were made and were duly received except the final call of Rs. 3 per share on 2,000 shares. These shares were forfeited. (a) Present the share capital in the Balance Sheet of the company as per Schedule III of the Companies Act, 2013. (b) Also prepare 'Note to Accounts' for the same.

Recommended Questions
  1. On 1st April, 2017, Shakti Ltd. was formed with an authorized capital ...

    Text Solution

    |

  2. सवणारंक किसे कहते है? जिलेटिन व् गोंद के सवणारंक क्रमश: 0.005 व् 0.10 ...

    Text Solution

    |

  3. तीन प्रतिरोध तार हैं। प्रत्येक का प्रतिरोध 4 ओम हैं। इनमें सम्भ...

    Text Solution

    |

  4. किसी धारामापी को अमीटर में कैसे परिवर्तित किया जाता है? उपयुक्त परिपथ ...

    Text Solution

    |

  5. एक 20 ओम प्रतिरोध वाला धारामापी 0.005 ऐम्पियर धारा से पुरे पैमाने पर व...

    Text Solution

    |

  6. एक धारामापी में 30 विभाजन हैं उसकी धारा संवेदिता 20 mu A प्रति विभाजन...

    Text Solution

    |

  7. रेलवे के आधे टिकट का मूल्य पूरे किराये का आधा तथा आरक्षण व्यय पूरे टिक...

    Text Solution

    |

  8. समस्याओ में रेखिक समीकरणों के युग्म बनाइए और उनके हल (यदि उनका ...

    Text Solution

    |

  9. मैने 5 पेन , 7 पेंसिल और 4 रबड़ खरीदे । शालू ने 6 पेन , 8 रबड़ और ...

    Text Solution

    |