Prepration of balancesheet

Accounting Entries 774 views 3 replies

Can I preapare Balance sheet of a Private Limited Company without Share capital as the subscribers to the MOA have not paid the amount for the Equity Shares allotted to them at the time of incorporation ?

Kindly revert on the same, is it possible...?

  

Replies (3)
Dear Mehul, Since it is a company it will be governed by the companies act 1956, as known to all. Hence, the balance sheet of the company will also be as per Schedule VI of the companies act, as per which disclosure of share capital is mandatory. Secondly the members or promoters or Board of Directors will be there who will invest in the company in the form of shares so you can disclose the investments made by the aforesaid persons under the head Share Capital.

Dear Ateeq,

 

Thanks for your reply. 

Thanks.....I have shown it in the respective B/s..... 


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