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Munerka Ltd.had an authorised Capital of rs.200000 divided into equity shares of rs.10 each. The company offerd for subscription rs.100000 shares.The issue was Fully subscribed . The amount payable on application was rs.2 per share.Rs 4 per share were payable each on allotment and first and final call .A shareholder holding 100 shares failed to pay the allotment money.His shares were forfeited.The company did not make the final call.
SHOW HOW THE 'SHARE CAPITAL' WILL BE SHOW N IN THE COMPANY BALANCE SHEET?
SHOW HOW THE 'SHARE CAPITAL' WILL BE SHOW N IN THE COMPANY BALANCE SHEET?
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Munerka Ltd.had an authorised Capital of rs.200000 divided into equity...
Share Capital of Munerka Ltd.
Munerka Ltd. has a structured share capital that can be presented in the balance sheet as follows:
Authorised Capital
- Rs. 200,000
- Divided into equity shares of Rs. 10 each
- Total equity shares = 20,000 shares
Issued Capital
- Rs. 100,000
- Fully subscribed
- Number of shares issued = 10,000 shares (Rs. 100,000 / Rs. 10)
Paid-Up Capital
- Application money received = Rs. 2 per share
- Amount received on application = Rs. 20,000 (10,000 shares x Rs. 2)
- Allotment money received (9,900 shares) = Rs. 4 per share
- Total allotment money received = Rs. 39,600 (9,900 shares x Rs. 4)
- Total paid-up capital = Rs. 20,000 + Rs. 39,600 = Rs. 59,600
Forfeited Shares
- Shares forfeited = 100 shares (due to non-payment of allotment money)
- Amount due on forfeited shares = Rs. 4 per share (allotment money)
- Total amount on forfeiture = Rs. 400 (100 shares x Rs. 4)
- This amount will be shown as 'Forfeited Shares' under 'Reserves and Surplus'
Balance Sheet Presentation
- The share capital section of Munerka Ltd.'s balance sheet will appear as follows:
Equity Share Capital
Authorised Capital Rs. 200,000
Issued Capital Rs. 100,000
Paid-Up Capital Rs. 59,600
Forfeited Shares Rs. 400
This structure provides a clear overview of the share capital components, showcasing the company's financial standing effectively.
Munerka Ltd. has a structured share capital that can be presented in the balance sheet as follows:
Authorised Capital
- Rs. 200,000
- Divided into equity shares of Rs. 10 each
- Total equity shares = 20,000 shares
Issued Capital
- Rs. 100,000
- Fully subscribed
- Number of shares issued = 10,000 shares (Rs. 100,000 / Rs. 10)
Paid-Up Capital
- Application money received = Rs. 2 per share
- Amount received on application = Rs. 20,000 (10,000 shares x Rs. 2)
- Allotment money received (9,900 shares) = Rs. 4 per share
- Total allotment money received = Rs. 39,600 (9,900 shares x Rs. 4)
- Total paid-up capital = Rs. 20,000 + Rs. 39,600 = Rs. 59,600
Forfeited Shares
- Shares forfeited = 100 shares (due to non-payment of allotment money)
- Amount due on forfeited shares = Rs. 4 per share (allotment money)
- Total amount on forfeiture = Rs. 400 (100 shares x Rs. 4)
- This amount will be shown as 'Forfeited Shares' under 'Reserves and Surplus'
Balance Sheet Presentation
- The share capital section of Munerka Ltd.'s balance sheet will appear as follows:
Equity Share Capital
Authorised Capital Rs. 200,000
Issued Capital Rs. 100,000
Paid-Up Capital Rs. 59,600
Forfeited Shares Rs. 400
This structure provides a clear overview of the share capital components, showcasing the company's financial standing effectively.
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Munerka Ltd.had an authorised Capital of rs.200000 divided into equity shares of rs.10 each. The company offerd for subscription rs.100000 shares.The issue was Fully subscribed . The amount payable on application was rs.2 per share.Rs 4 per share were payable each on allotment and first and final call .A shareholder holding 100 shares failed to pay the allotment money.His shares were forfeited.The company did not make the final call.SHOW HOW THE 'SHARE CAPITAL' WILL BE SHOW N IN THE COMPANY BALANCE SHEET?
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Munerka Ltd.had an authorised Capital of rs.200000 divided into equity shares of rs.10 each. The company offerd for subscription rs.100000 shares.The issue was Fully subscribed . The amount payable on application was rs.2 per share.Rs 4 per share were payable each on allotment and first and final call .A shareholder holding 100 shares failed to pay the allotment money.His shares were forfeited.The company did not make the final call.SHOW HOW THE 'SHARE CAPITAL' WILL BE SHOW N IN THE COMPANY BALANCE SHEET? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Munerka Ltd.had an authorised Capital of rs.200000 divided into equity shares of rs.10 each. The company offerd for subscription rs.100000 shares.The issue was Fully subscribed . The amount payable on application was rs.2 per share.Rs 4 per share were payable each on allotment and first and final call .A shareholder holding 100 shares failed to pay the allotment money.His shares were forfeited.The company did not make the final call.SHOW HOW THE 'SHARE CAPITAL' WILL BE SHOW N IN THE COMPANY BALANCE SHEET? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Munerka Ltd.had an authorised Capital of rs.200000 divided into equity shares of rs.10 each. The company offerd for subscription rs.100000 shares.The issue was Fully subscribed . The amount payable on application was rs.2 per share.Rs 4 per share were payable each on allotment and first and final call .A shareholder holding 100 shares failed to pay the allotment money.His shares were forfeited.The company did not make the final call.SHOW HOW THE 'SHARE CAPITAL' WILL BE SHOW N IN THE COMPANY BALANCE SHEET?.
Munerka Ltd.had an authorised Capital of rs.200000 divided into equity shares of rs.10 each. The company offerd for subscription rs.100000 shares.The issue was Fully subscribed . The amount payable on application was rs.2 per share.Rs 4 per share were payable each on allotment and first and final call .A shareholder holding 100 shares failed to pay the allotment money.His shares were forfeited.The company did not make the final call.SHOW HOW THE 'SHARE CAPITAL' WILL BE SHOW N IN THE COMPANY BALANCE SHEET? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Munerka Ltd.had an authorised Capital of rs.200000 divided into equity shares of rs.10 each. The company offerd for subscription rs.100000 shares.The issue was Fully subscribed . The amount payable on application was rs.2 per share.Rs 4 per share were payable each on allotment and first and final call .A shareholder holding 100 shares failed to pay the allotment money.His shares were forfeited.The company did not make the final call.SHOW HOW THE 'SHARE CAPITAL' WILL BE SHOW N IN THE COMPANY BALANCE SHEET? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Munerka Ltd.had an authorised Capital of rs.200000 divided into equity shares of rs.10 each. The company offerd for subscription rs.100000 shares.The issue was Fully subscribed . The amount payable on application was rs.2 per share.Rs 4 per share were payable each on allotment and first and final call .A shareholder holding 100 shares failed to pay the allotment money.His shares were forfeited.The company did not make the final call.SHOW HOW THE 'SHARE CAPITAL' WILL BE SHOW N IN THE COMPANY BALANCE SHEET?.
Solutions for Munerka Ltd.had an authorised Capital of rs.200000 divided into equity shares of rs.10 each. The company offerd for subscription rs.100000 shares.The issue was Fully subscribed . The amount payable on application was rs.2 per share.Rs 4 per share were payable each on allotment and first and final call .A shareholder holding 100 shares failed to pay the allotment money.His shares were forfeited.The company did not make the final call.SHOW HOW THE 'SHARE CAPITAL' WILL BE SHOW N IN THE COMPANY BALANCE SHEET? in English & in Hindi are available as part of our courses for B Com.
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ample number of questions to practice Munerka Ltd.had an authorised Capital of rs.200000 divided into equity shares of rs.10 each. The company offerd for subscription rs.100000 shares.The issue was Fully subscribed . The amount payable on application was rs.2 per share.Rs 4 per share were payable each on allotment and first and final call .A shareholder holding 100 shares failed to pay the allotment money.His shares were forfeited.The company did not make the final call.SHOW HOW THE 'SHARE CAPITAL' WILL BE SHOW N IN THE COMPANY BALANCE SHEET? tests, examples and also practice B Com tests.
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