Question

18.
12. A Ltd. Co. issues 10,000 shares of * 100 each at a premium of 50 per share, payable ? 30
per share on application. 370 per share on allotment (including premium) * 20 per sharc on
1st call and 30 per share on the final call. All the shares were fully subscribed and all the
money called duly received, Journalise.​

Answer 1

Answer:

Gopal Ltd.

Balance Sheet

Particulars

Note No.

Amount

(Rs)

I. Equity and Liabilities

1. Shareholders’ Funds

a. Share Capital

1

44,99,000

2. Non-Current Liabilities

3. Current Liabilities

Total

44,99,000

II. Assets

1. Non-Current Assets

2. Current Assets

a. Cash and Cash Equivalents

2

44,99,000

Total

44,99,000

NOTES TO ACCOUNTS

Explanation:

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