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