Question
5:
Grand Hotels Ltd. had authorised capital of ₹50,00.000
divided into 50,000 Equity Shares of ₹100 each.
It issued 10,000 Equity Shares to public for subscription on the following
terms:
|
On
Application |
₹40 per share |
|
On
Allotment |
₹30 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 made.
Prepare Balance Sheet of the company
showing Share Capital.
Answer:
Authorised Capital 50,00,000 equity shares of
₹100 each
Issued
and Subscribed Capital 10,000 shares
|
Balance Sheet of East
India |
||
|
Particulars |
Note No. |
(₹) |
|
I. Equity and Liabilities |
|
|
|
1. Shareholders’ Funds |
|
|
|
Share Capital |
1 |
7,00,000 |
|
|
|
|
|
Notes
to Accounts |
|
||
|
Particulars |
(₹) |
||
|
1. Share Capital |
|
||
|
Authorised Share Capital |
|
||
|
50,000 Equity Shares of ₹100 each |
50,00,000 |
||
|
|
|
||
|
|
50,00,000 |
||
|
Issued
Share Capital |
|
||
|
10,000 Equity Shares of ₹100 each |
1,00,000 |
||
|
|
|
1,00,000 |
|
|
Subscribed
Share Capital Subscribed
and But not Fully Paid-up Share Capital |
|
||
|
10,000 Equity Shares of 100 each
(Called-up ₹70) |
7,00,000 |
||
|
|
|
||
|
|
|
7,00,000 |
|
|
|
|
||
Question
6:
Altaur Ltd. was registered with an authorised
Capital of ₹4,00,00,000 divided in
25,00,000 Equity Shares of ₹10
each and 1,50,000, 9% Preference Shares of
₹100 each. The company issued 8,00,000 Equity Shares for public
subscription at 20% premium, payable ₹3 on application; ₹7 on
allotment (including premium) and balance on call. Public had applied for 10,00,000 shares. Excess Applications were sent letters of regret.
All the dues on allotment were
received except on 15,000 shares held by Sanju.
Another shareholders Rocky paid his call dues along with allotment on his
holding of 25,000
shares. You are required to prepare the Balance Sheet of the company as per Schedule III
of Companies Act, 2013, showing Share
Capital Balance and also prepare Notes to Accounts.
Answer:
|
Balance Sheet of Altaur Ltd |
||
|
Particulars |
Note No. |
(₹) |
|
I. Equity and Liabilities |
|
|
|
1. Shareholders’ Funds |
|
|
|
a. Share Capital |
1 |
63,25,000 |
|
Notes
to Accounts |
|
||
|
Particulars |
(₹) |
||
|
1. Share Capital |
|
||
|
Authorised Share Capital |
|
||
|
25,00,000 Equity Shares of ₹10 each |
2,50,00,000 |
||
|
1,50,000 Preference Shares of ₹100 each |
1,50,00,000 |
||
|
|
40,00,000 |
||
|
Issued
Share Capital |
|
||
|
8,00,000 Equity Shares of ₹10 each |
80,00,000 |
||
|
|
|
80,00,000 |
|
|
Subscribed
Share Capital Subscribed
and Fully Paid-up Share Capital 7,85,000 Equity Shares of ₹10
each [Paid-up and Called-up ₹8) Subscribed
and But not Fully Paid-up Share Capital |
62,80,000 |
||
|
15,000 Equity Shares of ₹8
each [Paid-up
₹3 each (Called-up ₹8)] |
1,20,000 |
|
|
|
Less: Calls-in-Arrears (15,000×5) |
(75,000) |
45,000 |
|
|
|
|
63,25,000 |
|
|
|
|
||
Question
7:
Excel Ltd. was registered
with capital of ₹5,00,000
divided into 50,000 Equity Shares of
₹10 each. It issued 20,000 Equity Shares to public for
subscription. The shares were subscribed and calls were made and received
except first and final call of ₹2 on 500 shares held by Varun.
Prepare Balance Sheet of the company
showing Share Capital.
Answer:
|
Balance Sheet of Fragrances
Ltd. |
||
|
Particulars |
Note No. |
(₹) |
|
I. Equity and Liabilities |
|
|
|
1. Shareholders’ Funds |
|
|
|
Share Capital |
|
1,99,000 |
|
Notes
to Accounts |
|
||
|
Particulars |
(₹) |
||
|
1. Share Capital |
|
||
|
Authorised Share Capital |
|
||
|
50,000 Equity Shares of ₹10 each |
5,00,000 |
||
|
|
|
||
|
|
5,00,000 |
||
|
Issued
Share Capital |
|
||
|
20,000 Equity Shares of ₹10 each |
2,00,000 |
||
|
|
|
2,00,000 |
|
|
Subscribed
Share Capital Subscribed
and Fully Paid-up Share Capital 19,500 Equity Shares of ₹10
each Subscribed
and But not Fully Paid-up Share Capital |
1,95,000 |
||
|
500 Equity Shares of 10 each |
5,000 |
|
|
|
Less: Calls-in-Arrears (500×2) |
(1,000) |
4,000 |
|
|
|
|
1,99,000 |
|
|
|
|
||
Question
8: Red
Roses Ltd. was registered with capital of ₹25,00,000
divided into 25,000 Equity Shares of ₹100
each. It issued 15,000 Equity Shares to public for subscription. The shares
were subscribed and calls were made and received except allotment money of ₹40 on 100 shares held by Parul and first and final call of ₹20
on 500 shares, including shares held by Parul.
Prepare Balance Sheet of the company showing Share Capital.
Answer:
|
Balance Sheet of Red
Roses Ltd. |
||
|
Particulars |
Note No. |
(₹) |
|
I. Equity and Liabilities |
|
|
|
1. Shareholders’ Funds |
|
|
|
Share Capital |
|
14,86,000 |
|
Notes
to Accounts |
|
||
|
Particulars |
(₹) |
||
|
1. Share Capital |
|
||
|
Authorised Share Capital |
|
||
|
25,000 Equity Shares of ₹100 each |
25,00,000 |
||
|
|
|
||
|
|
25,00,000 |
||
|
Issued
Share Capital |
|
||
|
15,000 Equity Shares of ₹100 each |
2,00,000 |
||
|
|
|
2,00,000 |
|
|
Subscribed
Share Capital Subscribed
and Fully Paid-up Share Capital 14,500 Equity Shares of ₹100
each Subscribed
and But not Fully Paid-up Share Capital |
14,50,000 |
||
|
500 Equity Shares of 100 each |
50,000 |
|
|
|
Less: Calls-in-Arrears [100×40]+[500×20] |
(14,000) |
36,000 |
|
|
|
|
14,86,000 |
|
|
|
|
||
Ts Grewal Solution 2025-2026
Click below for more Questions
Class 12 / Volume – 2
Chapter 9- Company Accounts- Accounting for Share Capital
Question No. 1 To 4
Question No. 5 To 8
Question No. 9 To 12
Question No. 13 To 16
Question No. 17 To 20
Question No. 21 To 24
Question No. 25 To 28
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Question No. 33 To 36
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Question No. 113