From the following information of Storewell Ltd., Show how the items will be shown in the company’s Balance Sheet (an extract) as at 31st March
From the following information of Storewell Ltd., Show how the items will be shown in the company’s Balance Sheet (an extract) as at 31st March, 2023.
The authorised capital is 30,000, 8% Preference Share of ₹ 10 each and 80,000 Equity Shares of ₹ 10 each, out of which:
(a) 10,000, 8% Preference Shares were issued, fully called and paid-up.
(b) 30,000 Equity Shares were issued which were fully called-up.
(c) There were arrears of ₹ 2 per share on 4,000 Equity Shares.
| Particulars | ₹ |
|
10% Debentures Cash Credit (Cr.) Balance in Statement of Profit & Loss (Dr.) Land and Building |
50,000 25,000 76,000 50,000 |
Anurag Pathak Changed status to publish March 24, 2024
