presentation of forfeiture of share in balance sheet


29 October 2011

Please tell me whtr below presentation is correct or not ?

Existing Authorized capital: 35,00,000/-
Existing Paid up capital: Rs. 21,00,000/-
Fresh Issue during the year: Rs 30,00,000/- (3Lac shares of Rs. 10/-each) out of which Rs. 5 received and Rs 5 unpaid & shares forfeited.
Authorised capital: Atleast Rs. 51,00,000/- (to be increased from existing Rs. 35Lac)
Then form 2 to be filed;
Balance sheet presentation:
Authorized Capital: Rs. 5,10,000/- eq. shares of Rs. 10/- each
Issued, subscribed & paid up capital:
2,10,000 eq. shares of Rs. 10 each: 21,00,000/-
Add: shares forfeited 15,00,000/-
Total 36,00,000

Plz guide me.

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
Download GST App    |    x