kaushal ltd. issued 50000 fully paid equity shares of rs.100 each towards consideration for purchase of machinery from kamal ltd. 
disclose of issue of shares in the balance sheet

Dear Student
 
Kaushal Ltd.
BALANCE SHEET 
     
Particulars Note  March 31
 ` 
 EQUITY AND LIABILITIES    
     
SHAREHOLDERS' FUNDS    
Share Capital 3                       5,000,000
Reserves and Surplus (Capital Reserve)    
     
SHARE APPLICATION MONEY PENDING ALLOTMENT                                 -   
     
NON-CURRENT LIABILITIES    
Long-Term Borrowings                                 -   
Deferred Tax Liabilities (Net)                                 -   
     
CURRENT LIABILITIES    
Trade Payables                                 -   
Other Current Liabilities                                 -   
Short-Term Provisions                                 -   
     
TOTAL                       5,000,000
     
ASSETS    
     
NON-CURRENT ASSETS    
Fixed Assets                         5,000,000
 Tangible Assets    - 
Long term loans and advances    - 
Other non-current assets    - 
Deferred Tax Assets (Net)    - 
INVESTMENTS    
     
CURRENT ASSETS    
Inventories    - 
Cash and cash equivalents    
Short-term loans and advances    - 
Other Current Assets    - 
     
TOTAL                       5,000,000
     
Summary of Significant Accounting Policies    
Notes form an integral part of the Financial Statement    
     
 
Note - 3  Share Capital    
Particulars  Amt   Amt 
     
Authorised Capital    
50,000 Equity Shares of Rs. 100/- each.           5,000,000
                           
Issued Capital    
50,000 Equity Shares of Rs. 100/- each.           5,000,000
     
Subscribed Capital    
     
Subscribed and Fully Paid up    
50,000 Equity Shares of Rs. 100/- each           5,000,000
     
Subscribed but not Fully Paid up    
0 Equity Shares of Rs. 100/- each                      -    
Less : Calls in Arrears                      -                          -  
     
Add: Share Forfeiture A/c                          -  
            5,000,000

Please note that the authorized capital figures in the note of share capital is assumed.

Regards

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