Balance Sheet without paid up capital

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Partner
1072 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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Chartered Accountant
24588 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
720 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
1072 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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