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Raghunath Ltd. was registered with capital of ₹5,00,000 divided into Equity shares of ₹50 each. It issued
7,500 equity shares to the public for subscription. It received applications for 6,000 equity shares. The
Directors of the company called the entire face value of shares & was duly received. How will the ‘Share
capital’ shown in Balance-sheet of the Company?
7,500 equity shares to the public for subscription. It received applications for 6,000 equity shares. The
Directors of the company called the entire face value of shares & was duly received. How will the ‘Share
capital’ shown in Balance-sheet of the Company?
Most Upvoted Answer
Raghunath Ltd. was registered with capital of ₹5,00,000 divided into E...
Overview of Share Capital
Raghunath Ltd. has a registered capital of ₹5,00,000, divided into Equity shares of ₹50 each. The company issued 7,500 equity shares to the public for subscription but received applications for only 6,000 shares. Here’s how the 'Share Capital' will be reflected in the company's Balance Sheet.
Issued and Paid-up Capital
- The total number of equity shares issued to the public is 7,500.
- However, only 6,000 shares were applied for and subsequently allotted.
- The Directors called the entire face value of the shares, which is ₹50 per share.
Calculation of Share Capital
- Face Value of Shares: ₹50
- Total Shares Allotted: 6,000 shares
- Total Share Capital Received:
Share Capital in Balance Sheet
- The Balance Sheet will show:
Conclusion
In summary, the 'Share Capital' in Raghunath Ltd.'s Balance Sheet will reflect a total paid-up share capital of ₹3,00,000, corresponding to the shares allotted and fully paid by the shareholders. The remaining issued shares (1,500 shares) will remain unissued until further action is taken by the company.
Raghunath Ltd. has a registered capital of ₹5,00,000, divided into Equity shares of ₹50 each. The company issued 7,500 equity shares to the public for subscription but received applications for only 6,000 shares. Here’s how the 'Share Capital' will be reflected in the company's Balance Sheet.
Issued and Paid-up Capital
- The total number of equity shares issued to the public is 7,500.
- However, only 6,000 shares were applied for and subsequently allotted.
- The Directors called the entire face value of the shares, which is ₹50 per share.
Calculation of Share Capital
- Face Value of Shares: ₹50
- Total Shares Allotted: 6,000 shares
- Total Share Capital Received:
- 6,000 shares × ₹50 = ₹3,00,000
Share Capital in Balance Sheet
- The Balance Sheet will show:
- Authorized Share Capital: ₹5,00,000
- Issued Share Capital: ₹3,75,000 (7,500 shares)
- Subscribed Share Capital: ₹3,00,000 (6,000 shares)
- Paid-up Share Capital: ₹3,00,000 (as the entire face value has been received)
Conclusion
In summary, the 'Share Capital' in Raghunath Ltd.'s Balance Sheet will reflect a total paid-up share capital of ₹3,00,000, corresponding to the shares allotted and fully paid by the shareholders. The remaining issued shares (1,500 shares) will remain unissued until further action is taken by the company.
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Raghunath Ltd. was registered with capital of ₹5,00,000 divided into Equity shares of ₹50 each. It issued 7,500 equity shares to the public for subscription. It received applications for 6,000 equity shares. The Directors of the company called the entire face value of shares & was duly received. How will the ‘Share capital’ shown in Balance-sheet of the Company?
Question Description
Raghunath Ltd. was registered with capital of ₹5,00,000 divided into Equity shares of ₹50 each. It issued 7,500 equity shares to the public for subscription. It received applications for 6,000 equity shares. The Directors of the company called the entire face value of shares & was duly received. How will the ‘Share capital’ shown in Balance-sheet of the Company? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Raghunath Ltd. was registered with capital of ₹5,00,000 divided into Equity shares of ₹50 each. It issued 7,500 equity shares to the public for subscription. It received applications for 6,000 equity shares. The Directors of the company called the entire face value of shares & was duly received. How will the ‘Share capital’ shown in Balance-sheet of the Company? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Raghunath Ltd. was registered with capital of ₹5,00,000 divided into Equity shares of ₹50 each. It issued 7,500 equity shares to the public for subscription. It received applications for 6,000 equity shares. The Directors of the company called the entire face value of shares & was duly received. How will the ‘Share capital’ shown in Balance-sheet of the Company?.
Raghunath Ltd. was registered with capital of ₹5,00,000 divided into Equity shares of ₹50 each. It issued 7,500 equity shares to the public for subscription. It received applications for 6,000 equity shares. The Directors of the company called the entire face value of shares & was duly received. How will the ‘Share capital’ shown in Balance-sheet of the Company? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Raghunath Ltd. was registered with capital of ₹5,00,000 divided into Equity shares of ₹50 each. It issued 7,500 equity shares to the public for subscription. It received applications for 6,000 equity shares. The Directors of the company called the entire face value of shares & was duly received. How will the ‘Share capital’ shown in Balance-sheet of the Company? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Raghunath Ltd. was registered with capital of ₹5,00,000 divided into Equity shares of ₹50 each. It issued 7,500 equity shares to the public for subscription. It received applications for 6,000 equity shares. The Directors of the company called the entire face value of shares & was duly received. How will the ‘Share capital’ shown in Balance-sheet of the Company?.
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