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Question no 4 Chapter 1 – Class 12 Part 2 Unimax

Question No 4 Chapter 1  - Class 12 Part 2 Unimax

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Question no 4 Chapter 1 – Class 12 Part 2 Unimax

MNC Ltd. has an authorized capital of ₹ 40,00,000 divided into 2,00,000 equity shares of each. The company invited applications for 30,000 shares. Applications for 28,000 shares received. All calls were made and were duly received except the final call of ₹ 3 per share on 2,000 shares. Show how share capital will appear in the balance sheet of the company.

The solution of Question no 4 Chapter 1 – Class 12 Part 2 Unimax: –

Balance Sheet of MNC
As At ………

Particulars
Note
No.
Amount
Current year
Equity and Liabilities  
1 Shareholders funds  
a. share capital15,54,000

Note to Accounts

Particulars
1 share capital :  
Authorized capital  
2,00,000 equity shares of ₹ 20 each 40,00,000
Issued capital:  
30,000 Equity shares ₹ 20 each 6,00,000
Subscribed capital  
Subscribed and fully paid up   
26,000 shares of @ 20 each5,20,000 
Subscribed but not fully paid 2,000 shares of ₹ 20 each40,000 
Less Call in Arrears-6,000 
(2,000*20)34,0005,54,000

End of Solution


Check Out the Solution of all questions for this chapter:

The solution to all questions of Chapter No. 1 – Company Accounts (Share Capital) Class 12 Unimax is shown as follows, click on the image of the question to get the solution.

Question no 6 Chapter 1 – Class 12 Part 2 Unimax

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Question no 18 Chapter 1- Class 12 Part 2 Unimax

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Question no 46 Chapter 1- Class 12 Part 2 Unimax

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Question no 58 Chapter 1- Class 12 Part 2 Unimax

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Question no 82 Chapter 1- Class 12 Part 2 Unimax

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Check out all books for PSEB

1. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 1 Class 12 by Unimax

UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy Part 1 in Class 12. With their meticulously curated study material, students can access comprehensive solutions to all the questions in each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 12 examinations.

2. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 2 Class 12 by Unimax

UnimaxSolutions.in presents an exceptional resource for students studying Advanced Accountancy Part 2 in Class 12. With their comprehensive study material, students can conveniently access extensive solutions to all the questions in each chapter. By simply selecting the desired chapter from the study material, students can effortlessly navigate through the topics and gain access to detailed explanations and step-by-step solutions to every problem presented in that particular section. Whether it involves understanding intricate accounting principles, honing calculation techniques, or analyzing complex financial statements, Unimax provides a valuable tool to support students in their learning journey. Equipped with these comprehensive solutions, students can enhance their comprehension, resolve any uncertainties, and strengthen their problem-solving abilities in Advanced Accountancy, empowering them to excel in their Class 12 examinations with confidence.

Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you’re a student enrolled in the Punjab School Education Board Class 12, exploring a wide range of books to cover the syllabus thoroughly is essential. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to various writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.

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