Authorised Capital:
Equity Shares 7,500 of ₹ 100 each.
9% Preference Shares 2,500 of ₹ 100 each.
Issued Capital:
Equity Shares 1,000 of ₹ 100 each.
Payable as
₹ 10 on Application
₹ 40 on Allotment
₹ 25 on First Call
₹ 25 on Final Call
Preference Shares 500 of ₹ 100 each.
Payable as
₹ 25 on application
₹ 25 on allotment
₹ 50 on first and final call
Books of Modern Marbles Limited |
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Dr. |
|
Cr. |
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Date |
Particulars |
L.F. |
Bank (₹) |
Date |
Particulars |
L.F. |
Bank (₹) |
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
Journal |
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|
Particulars |
L.F. |
Debit Amount (₹) |
Credit Amount (₹) |
|
|
|
|
|
|
|
|
Equity Share Application A/c |
Dr. |
|
10,000 |
|
|
To Equity Share Capital A/c |
|
|
10,000 |
|
|
(Equity share application of 1,000 shares of ₹ 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 ₹ 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 ₹ 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 ₹ 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 ₹ 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 ₹ 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 ₹ 25 each) |
|
|
|
|
|
|
|
|
|
|
||
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) |
|||
1 |
Share Capital |
|
|||
|
Authorised Share Capital |
|
|||
|
75,000 Equity Shares of ₹ 100 each |
7,50,000 |
|||
|
25,000 9% Preference Shares of ₹ 100 each |
2,50,000 |
10,00,000 |
||
|
Issued Share Capital |
|
|||
|
1,000 Equity Shares of ₹ 100 each |
1,00,000 |
|||
|
500 9% Preference Shares of ₹ 100 each |
50,000 |
1,50,000 |
||
|
Subscribed, Called-up and Paid-up Share Capital |
|
|||
|
1,000 Equity Shares of ₹ 100 each |
1,00,000 |
|
||
|
500 9% Preference Shares of ₹ 100 each |
50,000 |
1,50,000 |
||
|
|
|
|||
2 |
Cash and Cash Equivalents |
|
|||
|
Cash at Bank |
1,50,000 |
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|
|
|