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Vikas ltd. has an authorised capital of 40,00,000 divided into 4,00,000 equity shares of rs.10 each out of these, the company invited applications for 300000 equity shares. The public applied for 280000 shares and all the money was duly received. show how share capital will appear in the balance sheet of the company also prepare notes of the accounts?
Most Upvoted Answer
Vikas ltd. has an authorised capital of 40,00,000 divided into 4,00,00...
Notes to accounts
1 share capital
authorised capital
4,00,000 eq. share@10 40,00,000
issued share capital
3,00,000 equity share @ 10 30,00,000
subscribed share capital
subscribed and fully paid up capital
28,000 equity share@ 10 28,00,000

2 cash and cash Eqvalant
cash at bank 28,00,000


balance sheet of vikas ltd
as at
particulars note no. current year previous
amount year

equity and liability
(a) shareholders fund
1 share capital 28,00,000

assets
current assets
cash at bank 28,00,000
Community Answer
Vikas ltd. has an authorised capital of 40,00,000 divided into 4,00,00...
Share Capital in Balance Sheet of Vikas Ltd


  • Authorized Capital: Rs. 40,00,000

  • Number of Equity Shares: 4,00,000

  • Face Value of each Share: Rs. 10

  • Invitation for Applications: 3,00,000 Equity Shares

  • Number of Shares Applied for by Public: 2,80,000

  • Amount Received from Public: Full payment has been received



Notes to the Accounts


  • The authorized capital of the company is Rs. 40,00,000 divided into 4,00,000 equity shares of Rs. 10 each.

  • The company invited applications for 3,00,000 equity shares and received applications for 2,80,000 shares from the public.

  • All the money has been duly received from the public.

  • Therefore, the total amount of share capital raised by the company is Rs. 28,00,000 (2,80,000 shares x Rs. 10 per share).

  • The balance sheet of the company will show the following entry for share capital:


    • Share Capital: Rs. 28,00,000


      • Equity Share Capital: Rs. 28,00,000





Conclusion

The balance sheet of Vikas Ltd will show an equity share capital of Rs. 28,00,000. The company had authorized capital of Rs. 40,00,000, but it only invited applications for 3,00,000 equity shares. The public applied for 2,80,000 shares, and the company received full payment. Therefore, the total amount of share capital raised by the company is Rs. 28,00,000.
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Vikas ltd. has an authorised capital of 40,00,000 divided into 4,00,000 equity shares of rs.10 each out of these, the company invited applications for 300000 equity shares. The public applied for 280000 shares and all the money was duly received. show how share capital will appear in the balance sheet of the company also prepare notes of the accounts?
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Vikas ltd. has an authorised capital of 40,00,000 divided into 4,00,000 equity shares of rs.10 each out of these, the company invited applications for 300000 equity shares. The public applied for 280000 shares and all the money was duly received. show how share capital will appear in the balance sheet of the company also prepare notes of the accounts? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Vikas ltd. has an authorised capital of 40,00,000 divided into 4,00,000 equity shares of rs.10 each out of these, the company invited applications for 300000 equity shares. The public applied for 280000 shares and all the money was duly received. show how share capital will appear in the balance sheet of the company also prepare notes of the accounts? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Vikas ltd. has an authorised capital of 40,00,000 divided into 4,00,000 equity shares of rs.10 each out of these, the company invited applications for 300000 equity shares. The public applied for 280000 shares and all the money was duly received. show how share capital will appear in the balance sheet of the company also prepare notes of the accounts?.
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