Question

Ram limited has an authorised capital of rupees 10 lakh divided into,1,00000 equity shares of rupees 10 each. if offered 80,000 equity shares of rupees 10 each. the whole issue was fully subscribe till 31 march 2015 rupees 9 per share was called and paid​

Answer 1

Explanation:

ANSWER:

ram 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

Note No.

Particulars

Amount

(Rs)

1

Share Capital

Authorised Share Capital

5,00,000 equity shares of Rs 10 each

50,00,000

Issued Share Capital

5,00,000 equity shares of Rs 10 each

50,00,000

Subscribed, Called-up and Paid-up Share Capital

4,50,000 equity shares of Rs 10 each

45,00,000

Less: Calls in Arrears (500 shares × Rs 2)

(1,000)

44,99,000

2

Cash and Cash Equivalents

Cash at Bank

44,99