Authorised Capital 1,00,000 shares of Rs 10 each
Issued Capital 42,000 shares of Rs 10 each
Applied 40,000 shares
Payable as:
Rs 1 on application
Rs 2 on allotment
Rs 3 on first call
Rs 4 on final call
Books of Kalyan Cotton Mills Ltd. Cash Book |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
L.F. |
Bank Rs |
Date |
Particulars |
L.F. |
Bank Rs |
||
2011 |
|
|
|
2011 |
|
|
|
||
Feb 01 |
Share Application |
|
40,000 |
|
|
|
|
||
Feb 28 |
Share Allotment |
|
80,000 |
|
|
|
|
||
May 01 |
Share First Call |
|
1,19,700 |
|
|
|
|
||
June 30 |
Share Final Call |
|
1,58,400 |
|
Balance c/d |
|
3,98,100 |
||
|
|
|
3,98,100 |
|
|
|
3,98,100 |
||
|
|
|
|
|
|
|
|
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
2011 |
|
|
|
|
|
Feb 01 |
Share Application A/c |
Dr. |
|
40,000 |
|
|
To Share Capital A/c |
|
|
40,000 |
|
|
(Share application of 40,000 shares at Re 1 each transferred to Share Capital Account) |
|
|
|
|
|
|
|
|
|
|
Feb 01 |
Share Allotment A/c |
Dr. |
|
80,000 |
|
|
To Share Capital A/c |
|
|
80,000 |
|
|
(Share allotment due on 40,000 shares at Rs 2 each) |
|
|
|
|
|
|
|
|
|
|
Mar 01 |
Share First Call A/c |
Dr. |
|
1,20,000 |
|
|
To Share Capital A/c |
|
|
1,20,000 |
|
|
(Share first call due on 40,000 shares at Rs 3 each) |
|
|
|
|
|
|
|
|
|
|
May 30 |
Calls-in-Arrears A/c |
Dr. |
|
300 |
|
|
To Share First Call A/c |
|
|
300 |
|
|
(Share first call outstanding on 100 shares at Rs 3 each) |
|
|
|
|
|
|
|
|
|
|
June 01 |
Share Final Call A/c |
Dr. |
|
1,60,000 |
|
|
To Share Capital A/c |
|
|
1,60,000 |
|
|
(Share final call due on 40,000 shares of Rs 4 each) |
|
|
|
|
|
|
|
|
|
|
June 30 |
Calls-in-Arrears A/c |
Dr. |
|
1,600 |
|
|
To Share Final Call A/c |
|
|
1,600 |
|
|
(Share final call outstanding on 400 shares at Rs 4 each) |
|
|
|
|
|
|
|
|
|
As per the Schedule III of Companies Act, 2013, the Company's Balance Sheet is presented as follows.
Kalyan Cotton Mills Ltd. |
||
Balance Sheet |
||
Particulars |
Note No. |
Amount (Rs) |
I. Equity and Liabilities |
|
|
1. Shareholders’ Funds |
|
|
a. Share Capital |
1 |
3,98,100 |
2. Non-Current Liabilities |
|
|
3. Current Liabilities |
|
|
Total |
|
3,98,100 |
|
|
|
II. Assets |
|
|
1. Non-Current Assets |
|
|
2. Current Assets |
|
|
a. Cash and Cash Equivalents |
2 |
3,98,100 |
Total |
|
3,98,100 |
|
|
|
NOTES TO ACCOUNTS
Note No. |
Particulars |
Amount (Rs) |
|
1 |
Share Capital |
|
|
|
Authorised Share Capital |
|
|
|
1,00,000 shares of Rs 10 each |
10,00,000 |
|
|
Issued Share Capital |
|
|
|
42,000 shares of Rs 10 each |
4,20,000 |
|
|
Subscribed, Called-up and Paid-up Share Capital |
|
|
|
40,000 shares of Rs 10 each |
4,00,000 |
|
|
Less: Calls-in-Arrears |
(1,900) |
3,98,100 |
|
|
|
|
2 |
Cash and Cash Equivalents |
|
|
|
Cash at Bank |
3,98,100 |
|
|
|
|