B Com Exam > B Com Questions > Munerka Ltd.had an authorised Capital of rs.2...
Start Learning for Free
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?
Most Upvoted Answer
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.
|
Explore Courses for B Com exam
|
|
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?
Question Description
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.
Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of
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?, a detailed solution 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? has been provided alongside types of 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? theory, EduRev gives you an
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.
|
|
Explore Courses for B Com exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup