Q 33 DK Goel Issue of Shares Solutions Class 12 CBSE (2024-25)

Solutions of Question number 33 of Accounting for Companies Issue of shares chapter 6 of DK Goel Class 12 CBSE (2024-25)

Suvidha Ltd. is registered with an authorized capital of ₹ 10,00,00,000 divided into 10,00,000 equity shares of ₹ 100 each. The company issued 1,00,000 shares for public subscription. A shareholder holding 100 shares, failed to pay the final call of ₹ 20 per share. His share were forfeited. The forfeited shares were re-issued at ₹ 90 per share as fully paid up.

Present the ‘Share Capital’ in the Balance Sheet of the company as per Schedule III Part I of the Companies Act, 2013. Also prepare, Notes to Accounts’.

[Ans. Subscribed and Fully Paid Capital ₹ 1,00,00,000]

Solution:-

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