0% found this document useful (0 votes)
724 views7 pagesAccounts Textbook
The document outlines various scenarios related to the issuance of shares by multiple companies, detailing their authorized and issued capital, subscription processes, and the accounting entries required for share capital in balance sheets. It includes examples of share issues at par and at a premium, as well as cases of oversubscription and undersubscription. The document serves as a guide for preparing financial statements according to the Companies Act, 2013.
Uploaded by
Shreyansh PugaliaCopyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
0% found this document useful (0 votes)
724 views7 pagesAccounts Textbook
The document outlines various scenarios related to the issuance of shares by multiple companies, detailing their authorized and issued capital, subscription processes, and the accounting entries required for share capital in balance sheets. It includes examples of share issues at par and at a premium, as well as cases of oversubscription and undersubscription. The document serves as a guide for preparing financial statements according to the Companies Act, 2013.
Uploaded by
Shreyansh PugaliaCopyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
/ 7
£2,000 by € 2, being premium per share,
«Bank Account will be debited by & 8,409 (700
Bee Ferfere Account * 312) and Share Forfeiture Account by & 700, as given
{o) share Captal Account wil be credited by & 7,000 @ 10
E ‘ * 700),
(@ Account credited by & 1,400 willbe Securities Premium Account
{@) subscribed and flly paid-up capita °
4900 equity shares of € 10 each
‘add: Forfeited shares (200 x ¥ 8)
(Jjosure of Share Capital in Company’s Balance Sheet
| Hari Aggarbatti Ltd. was registered with capital of & 50,00,000 divided into 5,00,000 Equity Shares of
z10each. It issued 1,00,000 Equity Shares to public for subscription. The shares were subscribed and calls
made were received.
Prepare Balance Sheet of the company showing share capital.
Farm Products Ltd. has authorised share capital of % 50,00,000 divided into 5,00,000 Equity Shares of
each. It has existing issued and paid-up capital of & 5,00,000. It further issued to public 1,50,000 Equity
Shares at par for subscription payable as under:
On Application <3,
On Allotment %4, and
On Call Balance Amount.
The issue was fully subscribed and allotment was made to all the applicants. Call was made during the year
and was duly received.
Show Share Capital in the Balance Sheet of the company.
ided into equity shares of & 10 each. The company
yed for 58,000 shares.
hare on 2,000 shares. These
43. Sunstar Ltd. has an authorised capital of @ 20,00,000 di ‘i
invited applications for issuing of 60,000 shares. Applications were recelv
All calls were made and were duly received except the final call of <3 per sI
shares were forfeited. ie
; Schedule Il, Part lof the Companies
Present the'Share Capital’in the Balance Sheet of the Company a8 PS ee
Act, 2013, Al " ints’ for the same. |
eprore NS ee [ans.: Share Capital (subscribed and Fully Paid-up)—% 5,74 000.) ivided into 1,00,000 Equity g,
09,000. It further issued to
¢ & 25: ‘
ir inder:
a Be ses a cay nabs payable a5
| i
| ae
| ce Balance AMOUNE: spplicants.The company didnot may
| oe dial andalttment wasmade toa a ts
“The issue was fully subs
| all during the year: “16
5 re Captain the Balance sheet of the comp: me
: ‘oF €50,00,000 dividedinto
show Sh
with capital i
oe res for subscription. subscription was rec’
the frst and final call of € 20 Pers
50,000 equity shares of € 100 each. The Com,
ceived for 23,750 shares and al the 4,
hare on 600 shares. Show the sh.,
5. Starltd,
| issued 25,000 equity sha
\ amount was duly received, exceP
Capita'in the Balance Sheet ofthe comPary:
Note: Problems related ro Diclosure of Share Capital a CO?
head issue of shares at par and at premium.
pany's Balance Sheet are also given unde
{Ans
Subscribed Capital 23,535
6. Grand Hotels id, had authorised capital of € 50,00,000 divided into 50,000 Equity Shares of ® 100 each
| issued 10,000 Equity Shares to public fr subscription on the following terms:
‘On Application 40 per share
Balance on First and Final call.
Shares were fully subscribed and amounts called were duly received. First and Final call was not yet m
Prepare Balance Sheet of the company showing Share Capital. _[Ans.: Subscribed Capital—® 7,000
7. Altaur Ltd. was registered with an authorised Capital of 4,00,00,000 divided in 25,00,000 Equity
7; 10 each and 150,000, 9% Preferenc: Shares of % 100 each. The company issued 8,00,000 Equi
| {or public subscription at 20% premium, payable & 3 on application; £7 on allotment (including p
| and balance on call.Publichad applied for 10,00,000 shares, Excess Applications were sent lettersof
|
| On Allotment %30 per share
Al iB = on allotment were received except on 15,000 shares held by Sanju. Another shareholder fot
paid his call dues along with allotment on his holding of 25,000 shares, You are required to prepa ™
Balance Sheet of the compan ‘Compani hi re Capital bal
W as per Schedule Ill i i
ee of Companies Act, 2013, showing Share Capital tae™#
(CBSE Sample
{Ans.: Subscribed Capital—t 6325°"
pital i
in the Balance Sheet with Calls-in-Arrears *™
8. Fr 4d. was registered with ca zg id
regrances L1 t th capital of & 5,00,000 a
00,000 divi
lic for subscription,
‘ed into 50,000 Equity Shares of €10*
te Were subscribed and calls wer®
res held by Varun,
y shor ing Share Capital.
Ans. Sub: i
But Not, a md Fully Paid-up Capital 1,95,000: Si")
ICP Capital — 4,000, Calls-in-Arvears
2
=
£
3
a
a
2
5
3
o
8
Prepare Balance Sheet ofthe compan pares, nclding shares held ty pay”
Balance Sheet of the company she
ney,
Prepare Balance Sheet of the company showing Share Caprtat
{Ans.: Subscribed But Not Fy ‘Advance
ully Paid-up Capital - ir
‘Amit Ltd. was registered with a capital of & 5,00, =