Question

Lid was formed with a capital of 15,00,000 divided into equity shares of 10
each. Out of these 6,000 shares were issued to the vendors as fully paid as purchase
consideration for a building acquired and 3,000 shares were issued to signatories to the
Memorandum of Association as fully paid. The Directors offered 19,500 shares to the
public and called up 6 per share and received the entire called up amount on shares
allotted. Prepare a Balance Sheet showing Share Capital as per Schedule III Part I of
Companies Act, 2013 from the above transactions in the books of X" Ltd.
(C.B.S.E. 2012. Compit)​

Answer 1

Lid was formed with a capital of 15,00,000 divided into equity shares of 10

each. Out of these 6,000 shares were issued to the vendors as fully paid as purchase

consideration for a building acquired and 3,000 shares were issued to signatories to the

Memorandum of Association as fully paid. The Directors offered 19,500 shares to the

public and called up 6 per share and received the entire called up amount on shares

allotted. Prepare a Balance Sheet showing Share Capital as per Schedule III Part I of

Companies Act, 2013 from the above transactions in the books of X" Ltd.

(C.B.S.E. 2012. Compit)