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Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.?
Verified Answer
Apollo Ltd. was registered with an authorised capital of50,00,000 lakh...
Here is a balance sheet for Apollo Ltd. showing the different types of share capital:
Assets
- Cash (for the amount received from calls)
- Other assets (e.g., property, equipment, etc.)
Liabilities
- Other liabilities (e.g., loans, accounts payable, etc.)
Equity
- Authorized capital: 50,00,000 (for the total authorized capital of the company)
- Issued capital: 45,00,000 (for the number of shares issued to the public)
- Subscribed capital: 45,00,000 (for the number of shares that were subscribed by the public)
- Called-up capital: 44,80,000 (for the amount of capital that has been called up, excluding the final call that has not been received)
- Uncalled capital: 20,000 (for the amount of the final call that has not been received)
Total equity: 50,00,000 (total authorized capital)
Total liabilities and equity: 50,00,000 (total assets)
In this balance sheet, the share capital is shown as a combination of authorized capital (the maximum amount of capital that the company is allowed to issue), issued capital (the actual number of shares that have been issued to the public), subscribed capital (the number of shares that have been subscribed by the public), called-up capital (the amount of capital that has been called up and received by the company), and uncalled capital (the amount of capital that has not yet been called up).
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Most Upvoted Answer
Apollo Ltd. was registered with an authorised capital of50,00,000 lakh...
Balance Sheet of Apollo Ltd.
As at [Date]
Particulars Amount (Rs.)
Share Capital:
Equity Share Capital 50,00,000
Less: Calls in Arrears 10,000
Total Share Capital 49,90,000
Reserves and Surplus:
General Reserve 5,00,000
Profit and Loss Account 1,50,000
Total Reserves and Surplus 6,50,000
Current Liabilities:
Calls in Arrears 1,00,000
Total Current Liabilities 1,00,000
Total 57,40,000
Explanation:
Share Capital:
- Apollo Ltd. was registered with an authorised capital of 50,00,000 lakh divided into Equity share of 100 rupees each.
- All the shares were offered for public subscription and application were received for 45,000 shares.
- Allotment was made to all the applicants and all the calls were made and were duly received except the final call of 20 rupees per share on 500 shares.
- Therefore, the total Equity Share Capital of the company is 50,00,000 rupees, but there are calls in arrears on 500 shares, which amounts to 10,000 rupees.
- Hence, the net Equity Share Capital of the company is 49,90,000 rupees.
Reserves and Surplus:
- The company has created a General Reserve of 5,00,000 rupees and has a balance of 1,50,000 rupees in the Profit and Loss Account.
- Therefore, the total Reserves and Surplus of the company is 6,50,000 rupees.
Current Liabilities:
- There are calls in arrears on 500 shares, which amounts to 1,00,000 rupees.
- Hence, the total Current Liabilities of the company is 1,00,000 rupees.
Total:
- The total of Share Capital, Reserves and Surplus, and Current Liabilities is 57,40,000 rupees.
As at [Date]
Particulars Amount (Rs.)
Share Capital:
Equity Share Capital 50,00,000
Less: Calls in Arrears 10,000
Total Share Capital 49,90,000
Reserves and Surplus:
General Reserve 5,00,000
Profit and Loss Account 1,50,000
Total Reserves and Surplus 6,50,000
Current Liabilities:
Calls in Arrears 1,00,000
Total Current Liabilities 1,00,000
Total 57,40,000
Explanation:
Share Capital:
- Apollo Ltd. was registered with an authorised capital of 50,00,000 lakh divided into Equity share of 100 rupees each.
- All the shares were offered for public subscription and application were received for 45,000 shares.
- Allotment was made to all the applicants and all the calls were made and were duly received except the final call of 20 rupees per share on 500 shares.
- Therefore, the total Equity Share Capital of the company is 50,00,000 rupees, but there are calls in arrears on 500 shares, which amounts to 10,000 rupees.
- Hence, the net Equity Share Capital of the company is 49,90,000 rupees.
Reserves and Surplus:
- The company has created a General Reserve of 5,00,000 rupees and has a balance of 1,50,000 rupees in the Profit and Loss Account.
- Therefore, the total Reserves and Surplus of the company is 6,50,000 rupees.
Current Liabilities:
- There are calls in arrears on 500 shares, which amounts to 1,00,000 rupees.
- Hence, the total Current Liabilities of the company is 1,00,000 rupees.
Total:
- The total of Share Capital, Reserves and Surplus, and Current Liabilities is 57,40,000 rupees.
Community Answer
Apollo Ltd. was registered with an authorised capital of50,00,000 lakh...
Share capital - 44,90,000
authorized capital - 50,00,000
issued capital - 50,00,000
subscribed capital
subscribed & fully paid up
44,500 equity shares of ₹100 each - 44,50,000
subscribed but not fully paid up
500 share of ₹ 100 each - 50,000
less calls in arrear ( 500×20) - 10,000
total - 44,90,000
jab company ne first ya final call ke paise nhi mange ho toh calls in arrear account nhi bante Or na hi less karte
authorized capital - 50,00,000
issued capital - 50,00,000
subscribed capital
subscribed & fully paid up
44,500 equity shares of ₹100 each - 44,50,000
subscribed but not fully paid up
500 share of ₹ 100 each - 50,000
less calls in arrear ( 500×20) - 10,000
total - 44,90,000
jab company ne first ya final call ke paise nhi mange ho toh calls in arrear account nhi bante Or na hi less karte
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Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.?
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Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.?.
Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.?.
Solutions for Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.? in English & in Hindi are available as part of our courses for Commerce.
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Here you can find the meaning of Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.? defined & explained in the simplest way possible. Besides giving the explanation of
Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.?, a detailed solution for Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.? has been provided alongside types of Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.? theory, EduRev gives you an
ample number of questions to practice Apollo Ltd. was registered with an authorised capital of50,00,000 lakh divided into Equity share of 100rupees each. The company offered for public subscription all the shares. Application were received for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duely received except the final call of 20 rupees per share on 500 shares. Prepare the balance sheet of the company showing the different types of share capital.? tests, examples and also practice Commerce tests.
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