Authorised Capital:
Equity Shares 7,500 of Rs 100 each.
9% Preference Shares 2,500 of Rs 100 each.
Issued Capital:
Equity Shares 1,000 of Rs 100 each.
Payable as
Rs 10 on Application
Rs 40 on Allotment
Rs 25 on First Call
Rs 25 on Final Call
Preference Shares 500 of Rs 100 each.
Payable as
Rs 25 on application
Rs 25 on allotment
Rs 50 on first and final call
Cash Book |
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Dr. |
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Cr. |
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Date |
Particulars |
L.F. |
Bank Rs |
Date |
Particulars |
L.F. |
Bank Rs |
|
|
|
|
|
|
|
|
|
Equity Share Application |
|
10,000 |
|
|
|
|
|
Preference Share Application |
|
12,500 |
|
|
|
|
|
Equity Share Allotment |
|
40,000 |
|
|
|
|
|
Preference Share Allotment |
|
12,500 |
|
|
|
|
|
Equity Share First Call |
|
25,000 |
|
|
|
|
|
Preference Share First and Final Call |
|
25,000 |
|
|
|
|
|
Equity Share Final Call |
|
25,000 |
|
Balance c/d |
|
1,50,000 |
|
|
|
|
|
|
|
|
|
|
|
1,50,000 |
|
|
|
1,50,000 |
|
|
|
|
|
|
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|
Journal |
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Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
|
|
|
|
|
|
|
Equity Share Application A/c |
Dr. |
|
10,000 |
|
|
To Equity Share Capital A/c |
|
|
10,000 |
|
|
(Equity share application of 1,000 shares of Rs 10 each transferred to Equity Share Capital Account) |
|
|
|
|
|
|
|
|
|
|
|
Preference Share Application A/c |
Dr. |
|
12,500 |
|
|
To 9% Preference Share Capital A/c |
|
|
12,500 |
|
|
(Preference share applications of 500 shares Rs 25 each transferred to 9% Preference Share Capital Account) |
|
|
|
|
|
|
|
|
|
|
|
Equity Share Allotment A/c |
Dr. |
|
40,000 |
|
|
To Equity Share Capital A/c |
|
|
40,000 |
|
|
(Equity share allotment due on 1,000 shares at Rs 40 each) |
|
|
|
|
|
|
|
|
|
|
|
Preference Share Allotment A/c |
Dr. |
|
12,500 |
|
|
To 9% Preference Share Capital A/c |
|
|
12,500 |
|
|
(Preference share allotment due on 500 shares at Rs 25 each) |
|
|
|
|
|
|
|
|
|
|
|
Equity Share First Call A/c |
Dr. |
|
25,000 |
|
|
To Equity Share Capital A/c |
|
|
25,000 |
|
|
(Equity share first call due on 1,000 shares at Rs 25 each) |
|
|
|
|
|
|
|
|
|
|
|
Preference Share First and Final Call A/c |
Dr. |
|
25,000 |
|
|
To 9% Preference Share Capital A/c |
|
|
25,000 |
|
|
(Preference share first and final call due on 500 shares at Rs 50 each) |
|
|
|
|
|
|
|
|
|
|
|
Equity Share Final Call A/c |
Dr. |
|
25,000 |
|
|
To Equity Share Capital A/c |
|
|
25,000 |
|
|
(Equity share final call due on 1,000 shares at Rs 25 each) |
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|
|
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|
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||
Particulars |
Note No. |
Amount (Rs) |
I. Equity and Liabilities |
|
|
1. Shareholders’ Funds |
|
|
a. Share Capital |
1 |
1,50,000 |
2. Non-Current Liabilities |
|
|
3. Current Liabilities |
|
|
Total |
|
1,50,000 |
|
|
|
II. Assets |
|
|
1. Non-Current Assets |
|
|
2. Current Assets |
|
|
a. Cash and Cash Equivalents |
2 |
1,50,000 |
Total |
|
1,50,000 |
|
|
|
NOTES TO ACCOUNTS
Note No. |
Particulars |
Amount (Rs) |
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1 |
Share Capital |
|
|||
|
Authorised Share Capital |
|
|||
|
75,000 Equity Shares of Rs 100 each |
7,50,000 |
|||
|
25,000 9% Preference Shares of Rs 100 each |
2,50,000 |
10,00,000 |
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|
Issued Share Capital |
|
|||
|
1,000 Equity Shares of Rs 100 each |
1,00,000 |
|||
|
500 9% Preference Shares of Rs 100 each |
50,000 |
1,50,000 |
||
|
Subscribed, Called-up and Paid-up Share Capital |
|
|||
|
1,000 Equity Shares of Rs 100 each |
1,00,000 |
|
||
|
500 9% Preference Shares of Rs 100 each |
50,000 |
1,50,000 |
||
|
|
|
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2 |
Cash and Cash Equivalents |
|
|||
|
Cash at Bank |
1,50,000 |
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