Disclosure of Share Capital in Company's Balance Sheet 1. Hind Ltd. is registered with an authorised capital of ? 50,00,000 divided into Equity Shares of 10each the company issue all the shares for public subscription.public applied for 4,50,000 shares and allotment was made to all the applicants. All the calls were made and were duly received How will be the share capital shown in the Balance Sheet of Hind Ltd.?
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Answer:
In this case all the shares have been subscribed and allotted by the company and final entry, after complete process will remain process as under:-
Bank a/c Dr 45,00,000.00
To Share Capital A/c 45,00,000.00
(Being shares allotted )
4,50,000 share @ 10.00 Pers Share totala amount for share capital will be 450000*10=45,00,000.00
Explanation:
It will be shown in the Liabilities side of the Balance Sheet of M/s Hind Ltd (on the format prescribed) under the head
1. Authorised Capital 50,00,000.00
2. Issued Capital 50,00,000.00
3. Subscribed Capital 45,00,000.00
4. Paid up Capital 45,00,000.00
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