Question

1. Apolo limited was registered with an authorised capital of 5000000 divided into equity shares of hundred each. the company offers for public subscription of all the shares .applications were received watch 45000 shares and allotment was made to all the applicants. all the calls were made and were duly received except the final call of 20 per share on 500 shares. prepare the balance sheet of a company showing different types of share capital

please give the correct answer..​

Answer 1

Answer:

Balance sheet

as on 31st mar. ......

particular note no. Current. previous

year. year

Equity & liabilities. rs

a) shareholders fund

(1) share capital. 1. 44,90,000

Notes to accounts:-

1. share capital amount (rs)

Authorised share capital

50000 shares of 100 each 50,00,000

issued share capital

50000 shares of 100 each. 50,00,000

Subscribed and fully paid up capital

44500 shares of 100 each. 44,50,000

subscribed but not fully paid up capital

500 shares of 100 each. 50000

(-) calls in arrear

500*20. ..... = 10000. 40000

total subscribed capital. 44,90,000