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Nine Generations, a Company registered with authorized capital of 1,50,000 Equity shares of ₹10 each &
issued 1,00,000 Equity shares. It has called the total Face (Nominal) value of the share & received all the
amount except Final call of ₹3 on 10,000 Equity shares. Show the details in the Balance-sheet of Nine
Generations & also show the Note of Accounts on Share-capital?
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Nine Generations, a Company registered with authorized capital of 1,50...
Balance Sheet of Nine Generations
Liabilities
- Share Capital
- Authorized Capital: 1,50,000 Equity Shares of ₹10 each
- Issued Capital: 1,00,000 Equity Shares of ₹10 each = ₹10,00,000
- Called-up Capital:
- ₹10 per share on 90,000 shares = ₹9,00,000
- Final Call on 10,000 shares (₹3) not received = ₹30,000
- Total Called-up Capital = ₹9,00,000
- Total Uncalled Capital = ₹30,000
Total Liabilities = ₹9,30,000
Assets
- Current Assets
- Cash and Bank Balances
- Other Assets (if any)
Total Assets = ₹9,30,000
Notes to Accounts on Share Capital
- Authorized Share Capital
- 1,50,000 Equity Shares of ₹10 each = ₹15,00,000
- Issued Share Capital
- 1,00,000 Equity Shares of ₹10 each = ₹10,00,000
- Called-up Share Capital
- 90,000 Shares fully paid = ₹9,00,000
- 10,000 Shares with final call pending (₹3) = ₹30,000
- Total Called-up Capital
- ₹9,00,000 (fully paid) + ₹30,000 (partly paid) = ₹9,30,000
- Uncalled Capital
- ₹30,000 (on 10,000 shares awaiting final call of ₹3 each)
In summary, Nine Generations has a solid structure of share capital, with a clear distinction between called-up and uncalled amounts. The balance sheet reflects the company's financial position accurately, accounting for the pending final call on shares. This detail is crucial for stakeholders in understanding the company’s capital structure and financial health.
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Nine Generations, a Company registered with authorized capital of 1,50,000 Equity shares of ₹10 each & issued 1,00,000 Equity shares. It has called the total Face (Nominal) value of the share & received all the amount except Final call of ₹3 on 10,000 Equity shares. Show the details in the Balance-sheet of Nine Generations & also show the Note of Accounts on Share-capital?
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Nine Generations, a Company registered with authorized capital of 1,50,000 Equity shares of ₹10 each & issued 1,00,000 Equity shares. It has called the total Face (Nominal) value of the share & received all the amount except Final call of ₹3 on 10,000 Equity shares. Show the details in the Balance-sheet of Nine Generations & also show the Note of Accounts on Share-capital? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Nine Generations, a Company registered with authorized capital of 1,50,000 Equity shares of ₹10 each & issued 1,00,000 Equity shares. It has called the total Face (Nominal) value of the share & received all the amount except Final call of ₹3 on 10,000 Equity shares. Show the details in the Balance-sheet of Nine Generations & also show the Note of Accounts on Share-capital? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Nine Generations, a Company registered with authorized capital of 1,50,000 Equity shares of ₹10 each & issued 1,00,000 Equity shares. It has called the total Face (Nominal) value of the share & received all the amount except Final call of ₹3 on 10,000 Equity shares. Show the details in the Balance-sheet of Nine Generations & also show the Note of Accounts on Share-capital?.
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