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Vikas Ltd. has an authorised capital of ...

Vikas Ltd. has an authorised capital of Rs. 40,00,000 divided into 4,00,000 Equity Shares of Rs. 10 each. Out of these, the company invited applications for 3,00,000 equity shares. The public applied for 2,80,000 shares and all the money was duly received. Show how Share Capital will appear in the Balance Sheet of the Company. Also prepare notes to accounts.

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Subscribed and Fully Paid Capital Rs. 28,00,000 .
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DK GOEL-COMPANY ACCOUNTS - ISSUE OF SHARES -PRACTICAL QUESTIONS
  1. Vikas Ltd. has an authorised capital of Rs. 40,00,000 divided into 4,0...

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  2. 'Tractors India Ltd.' is registered with an authorized capital of Rs. ...

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  3. Nupur Ltd. was rehistered with an Authorised Capital of Rs. 20, 00,000...

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

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  5. Rama Co. issued 50,000 shares of Rs. 10 each payable as follows : {:...

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  6. Z Ltd. was registered with an authorised capital of Rs. 60,00,000 divi...

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  7. Pushkar Ltd. invited applications for issuing 5,00,000 equity shares o...

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  8. Kiran Textiles Ltd. issued 50,000 Equity Shares of Rs. 10 each at a pr...

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  9. Kanpur Gas Ltd. issued 40,000 equity shares of Rs. 10 each at a premiu...

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  10. Vimal Ltd. purchased machinery of Rs. 9,90,000 from Kamal Ltd. The pay...

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  11. Pass journal entries for the following : (i) X Ltd. purchased L and ...

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  12. Tagore Ltd. purchased a running business from Tulsi Bros. for a sum of...

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  13. X Ltd. took over the following assets and liabilities of Y Ltd. : La...

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  14. Madhur Ltd. took over the assets of Rs. 3,90,000 and Liabilities of Rs...

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  15. X Ltd. issued 20,000, 7% Preference shares of Rs. 100 each at a premiu...

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  16. Shipra Limited invited applications for 80,000 shares of Rs. 10 each p...

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  17. On 1st February 2016, Raj Ltd. received in advance the first call of R...

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  18. A limited Company was registered with a capital of Rs. 5,00,000 in sha...

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  19. On 28-2-2016 the first call of Rs. 2 per share became due on 50,000 eq...

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  20. Jyoti Power Ltd. decided to issue 8,50,000 equity shares of Rs. 10 eac...

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