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Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divided into 7,00,000 shares of 100 shares each. The company issued 50,000 shares to the vendors for machine purchase and 2,00,000 shares were issued to the public. All calls were paid except 100 shares failed final call money of Rs 30 each his share of forfeited. Present share capital in notes to accounts.?
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Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divide...
1. Share capital Authorised capital7,00,000equity share ofRs100each :(7,00,00,000) TOTAL ::700,00,000 issued capital 50,000 equity share of Rs100each :(50,00,000)2,00,000equity share ofRs100each :(200,00,000)TOTAL ::2,50,00,000 subscribed capital subscribe and fully paid up 50,000 equity share of Rs100each (issued to vendor )::50,00,0001,99,900 equity share Rs100each(issue to public )::1,99,90,000Add:forfeited share a/c(100*70):::::;7000TOTAL ::2,49,97,000
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Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divide...
**Present Share Capital in Notes to Accounts**
The present share capital of Auto Ltd can be presented in the notes to accounts section of the company's financial statements. This section provides additional information about the company's share capital, including any changes or transactions that have occurred.
To present the present share capital in the notes to accounts, the following information should be included:
1. **Authorized Capital**: The authorized capital of Auto Ltd is Rs 7,00,00,000. This represents the maximum amount of capital that the company is allowed to raise through the issuance of shares.
2. **Divisions of Authorized Capital**: The authorized capital is divided into 7,00,000 shares of Rs 100 each. This means that each share has a face value of Rs 100.
3. **Shares Issued to Vendors**: Auto Ltd issued 50,000 shares to the vendors as part of a machine purchase transaction. These shares were issued in exchange for the machines received by the company. The value of these shares should be disclosed in the notes to accounts, along with any relevant details of the machine purchase.
4. **Shares Issued to Public**: Auto Ltd also issued 2,00,000 shares to the public. These shares were offered to the general public for purchase, allowing individuals to become shareholders of the company. The details of these shares, including the issue price and any relevant terms and conditions, should be disclosed in the notes to accounts.
5. **Calls on Shares**: All calls on shares have been paid, except for the final call money on 100 shares. The final call money for these shares is Rs 30 each. This means that the shareholders who failed to pay the final call money have forfeited their shares.
6. **Forfeited Shares**: The forfeited shares should be disclosed in the notes to accounts, along with the total value of the forfeited shares. In this case, the value of the forfeited shares would be Rs 3,000 (100 shares x Rs 30 each).
7. **Present Share Capital**: The present share capital of Auto Ltd can be calculated by deducting the value of the forfeited shares from the total authorized capital. In this case, the present share capital would be Rs 6,99,97,000 (Rs 7,00,00,000 - Rs 3,000).
By including this information in the notes to accounts, the company provides transparency and clarity regarding its share capital structure and any changes that have taken place. This information is important for shareholders, investors, and other stakeholders who rely on the financial statements to make informed decisions.
The present share capital of Auto Ltd can be presented in the notes to accounts section of the company's financial statements. This section provides additional information about the company's share capital, including any changes or transactions that have occurred.
To present the present share capital in the notes to accounts, the following information should be included:
1. **Authorized Capital**: The authorized capital of Auto Ltd is Rs 7,00,00,000. This represents the maximum amount of capital that the company is allowed to raise through the issuance of shares.
2. **Divisions of Authorized Capital**: The authorized capital is divided into 7,00,000 shares of Rs 100 each. This means that each share has a face value of Rs 100.
3. **Shares Issued to Vendors**: Auto Ltd issued 50,000 shares to the vendors as part of a machine purchase transaction. These shares were issued in exchange for the machines received by the company. The value of these shares should be disclosed in the notes to accounts, along with any relevant details of the machine purchase.
4. **Shares Issued to Public**: Auto Ltd also issued 2,00,000 shares to the public. These shares were offered to the general public for purchase, allowing individuals to become shareholders of the company. The details of these shares, including the issue price and any relevant terms and conditions, should be disclosed in the notes to accounts.
5. **Calls on Shares**: All calls on shares have been paid, except for the final call money on 100 shares. The final call money for these shares is Rs 30 each. This means that the shareholders who failed to pay the final call money have forfeited their shares.
6. **Forfeited Shares**: The forfeited shares should be disclosed in the notes to accounts, along with the total value of the forfeited shares. In this case, the value of the forfeited shares would be Rs 3,000 (100 shares x Rs 30 each).
7. **Present Share Capital**: The present share capital of Auto Ltd can be calculated by deducting the value of the forfeited shares from the total authorized capital. In this case, the present share capital would be Rs 6,99,97,000 (Rs 7,00,00,000 - Rs 3,000).
By including this information in the notes to accounts, the company provides transparency and clarity regarding its share capital structure and any changes that have taken place. This information is important for shareholders, investors, and other stakeholders who rely on the financial statements to make informed decisions.
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Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divided into 7,00,000 shares of 100 shares each. The company issued 50,000 shares to the vendors for machine purchase and 2,00,000 shares were issued to the public. All calls were paid except 100 shares failed final call money of Rs 30 each his share of forfeited. Present share capital in notes to accounts.?
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Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divided into 7,00,000 shares of 100 shares each. The company issued 50,000 shares to the vendors for machine purchase and 2,00,000 shares were issued to the public. All calls were paid except 100 shares failed final call money of Rs 30 each his share of forfeited. Present share capital in notes to accounts.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divided into 7,00,000 shares of 100 shares each. The company issued 50,000 shares to the vendors for machine purchase and 2,00,000 shares were issued to the public. All calls were paid except 100 shares failed final call money of Rs 30 each his share of forfeited. Present share capital in notes to accounts.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divided into 7,00,000 shares of 100 shares each. The company issued 50,000 shares to the vendors for machine purchase and 2,00,000 shares were issued to the public. All calls were paid except 100 shares failed final call money of Rs 30 each his share of forfeited. Present share capital in notes to accounts.?.
Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divided into 7,00,000 shares of 100 shares each. The company issued 50,000 shares to the vendors for machine purchase and 2,00,000 shares were issued to the public. All calls were paid except 100 shares failed final call money of Rs 30 each his share of forfeited. Present share capital in notes to accounts.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divided into 7,00,000 shares of 100 shares each. The company issued 50,000 shares to the vendors for machine purchase and 2,00,000 shares were issued to the public. All calls were paid except 100 shares failed final call money of Rs 30 each his share of forfeited. Present share capital in notes to accounts.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divided into 7,00,000 shares of 100 shares each. The company issued 50,000 shares to the vendors for machine purchase and 2,00,000 shares were issued to the public. All calls were paid except 100 shares failed final call money of Rs 30 each his share of forfeited. Present share capital in notes to accounts.?.
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Here you can find the meaning of Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divided into 7,00,000 shares of 100 shares each. The company issued 50,000 shares to the vendors for machine purchase and 2,00,000 shares were issued to the public. All calls were paid except 100 shares failed final call money of Rs 30 each his share of forfeited. Present share capital in notes to accounts.? defined & explained in the simplest way possible. Besides giving the explanation of
Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divided into 7,00,000 shares of 100 shares each. The company issued 50,000 shares to the vendors for machine purchase and 2,00,000 shares were issued to the public. All calls were paid except 100 shares failed final call money of Rs 30 each his share of forfeited. Present share capital in notes to accounts.?, a detailed solution for Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divided into 7,00,000 shares of 100 shares each. The company issued 50,000 shares to the vendors for machine purchase and 2,00,000 shares were issued to the public. All calls were paid except 100 shares failed final call money of Rs 30 each his share of forfeited. Present share capital in notes to accounts.? has been provided alongside types of Auto Ltd registered with a authorized capital of Rs 7,00,00,000 divided into 7,00,000 shares of 100 shares each. The company issued 50,000 shares to the vendors for machine purchase and 2,00,000 shares were issued to the public. All calls were paid except 100 shares failed final call money of Rs 30 each his share of forfeited. Present share capital in notes to accounts.? theory, EduRev gives you an
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