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Numerical Example of Share Capital

Which of the ...

Question

Which of the following is not a part of shareholders' funds in the balance sheet?

A

Share capital

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B

Reserves & Surplus

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C

Money received against share warrants

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D

All of these

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Solution

The correct option is D
All of these

Share capital and Reserves & Surplus are the part of shareholder`s funds.

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Similar questions

Q. Under which major head will the following be shown:

(i) Share Capital; and (ii) Money Received Against Share Warrants?

Q. The sum total of the and Reserves and Surplus is called as the Shareholders’ Fund.

Q. Assertion :Capital structure refers to composition of long-term funds. Reason: These include equity share capital, preference share capital, debentures, all debts and all reserves.

Following is the Balance Sheet of Raj Oil Mills Limited as at March 31, 2017. Calculate Current Ratio.

Particulars	(Rs)
I. Equity and Liabilities:
1. Shareholders’ funds
a) Share capital	7,90,000
b) Reserves and surplus	35,000
2. Current Liabilities
a) Trade Payables	72,000
Total	8,97,000
II. Assets
1. Non-current Assets
a) Fixed assets
Tangible assets	7,53,000
2. Current Assets
a) Inventories	55,800
b) Trade Receivables	28,800
c) Cash and cash equivalents	59,400
Total	8,97,000

Q. A Ltd. company with registered capital of ₹ 5,00,000 in shares of ₹ 10 each issued 20,000 of such shares payable ₹ 2 on application , ₹ 4 on allotment , ₹ 2 on final call . All the money payable on allotment was duly received but on the first call being made, one shareholder paid the entire balance on his holding of 300 shares and five shareholders with a total holding of 1,000 shares failed to pay their dues on the first call. These shares were forfeited for non-payment of first call money . Final call was made and all the money due was received . Later on, forfeited shares were reissued @ ₹ 6 per share as fully paid-up.
Record the above in the company's journal and prepare the Balance Sheet.

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Numerical Example of Share Capital

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