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What are auth...

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What are authorized shares?

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Solution

The maximum amount of share that can be issued by a company to raise fund from the market is the authorized share.

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Q. Marigold Ltd . was registered with the authorized capital of ₹ 3,00,000 divided into 3,000 shares of ₹ 100 each, which were offered to the public . Amount payable as ₹ 30 per share on application , ₹ 40 per share on allotment and ₹ 30 per share on first and final call . These shares were fully subscribed and all money was dully received . Prepare journal and Cash Book.

Q. What are shares?

Q. what are shares and share holders? Explain in brief.

Q. What the answer?

Q. Sonu has an authorized capital of Rs 30,00,000 divided into equity shares of Rs 10 each. The company invited applications for 81 ,000 shares from public and 3,000 shares allotted to signatories to Memorandum of Association as fully paid. Applications for 80,000 shares were received from public. All calls were made except the final call of Rs 2 and all dues were duly received except the first call of Rs 3 per share on 1000 shares which were forfeited. Out of forfeited shares, 700 shares were reissued at Rs 7 per share, Rs 8 called up.
Show how Share Capital will appear in Balance Sheet of Sonu Ltd. as per Revised Schedule III and also prepare Notes to Accounts.

Q. What are government bonds ? What is the difference between shares and bonds ?

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