Balance Sheet without paid up capital

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Partner
855 Points Posted on 11 June 2021

A Private Limited Company of my client incorporated on 30.10.2020.

All Subscribers to memorandum subscribed their portion of capital only on 05.05.2021.

I have to provide consultation to them to prepare Balance Sheet as on 31.03.2020.

Since there is no paid up capital as on 31.03.2021, means Balance Sheet without paid up capital.

will there be any intricacy or Repercussion of the same?

or it is normal feature.

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On 11 June 2021 at 13:49 Report
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This discussion addresses the accounting treatment for a Balance Sheet when a company has subscribed capital but no paid-up capital as of the reporting date. It explores whether it's normal to present a Balance Sheet without paid-up capital and discusses the correct placement of subscribed capital on the balance sheet, even before funds are received.

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Chartered Accountant
16188 Points Posted on 11 June 2021
No, paid up capital should be shown in balance sheet
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On 11 June 2021 at 17:37
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delhi
464 Points Posted on 14 June 2021
Paid up capital should be shown in balance sheet liability side on the contrary subscribers name should be mentioned in debtors list in asset side.
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On 14 June 2021 at 01:42
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Partner
855 Points Posted on 14 June 2021

But without receipt of money, how paid up capital can be shown in BS.

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On 14 June 2021 at 13:14

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