(i) Share capital in the balance sheet of the company as per Schedule III Part I of the Companies Act, 2013. |
(ii) Also prepare notes to accounts for the same. |
Answer:
Balance Sheet (Extract) as at 1st April, 2017
Notes to Accounts Particulars Note No. Amt (Rs.) I. EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Share Capital 1 3,38,500 (b) Reserves and Surplus 2 3,000
Particulars Amt (Rs.) 1. Share Capital Authorised Share Capital 50,000 Equity Shares of Rs. 10 each 5,00,000 Issued Share Capital 45,000 Equity Shares of Rs. 10 each 4,50,000 Subscribed Capital Subscribed but not Fully Paid-up 42,250 Equity Shares of Rs. 8 each 3,38,000 (-) Calls-in-arrears \[\left( 500\times 2 \right)\] (1,000) 3,37,000 (+) Forfeited Shares \[\left( 250\times 6 \right)\] 1,500 3,38,500 2. Reserves and Surplus Capital Reserve \[[4,500\,(750\times 6)-1,500\,(750\times 2)]\] 3,000
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