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Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
Company Accounts
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Company Accounts

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Concept of Share Capital.

Concept of Share Capital.

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  • 1. Sub:- Company Accounts Presented By:- Vilas Deshmukh Abhishek Agrawal
  • 2.  Definition  Sec - 3(1)(i) and (ii) :- “A Company formed and registered under this Act or an existing company. An „Existing Company‟ means a company formed and registered Companies Act.” under any of the former
  • 3. Incorporated Association Artificial Legal Person Transferability of Shares COMPANY Not a Citizen Limited Liability Common Seal Perpetual Existence
  • 4. A Company, thus, may be defined as an incorporated association, which is an artificial legal person, having a separate legal entity, with a perpetual succession, a common seal, a common capital comprised of shares and carrying limited liability. transferable
  • 5. SHARES  A share is the individual portion of the Company's capital owned by a share holder in the company.  The Act defines a share as a ' share' in the share capital of the company and it includes stock.  Each share has its own distinctive number.  Shares are classified as movable property, transferable in the manner specified by the Articles.
  • 6. Shares Classification :- Shares Equity Preference
  • 7. Share Capital Structure of Company Called up capital Authorized/ Registered Capital Issued Capital Unissued Capital Subscribed Capital Uncalled Capital Unsubscribed Capital Reserve Capital Paid-Up Capital UnpaidCapital
  • 8. SHARE CAPITAL STRUCTURE OF HINDUSTAN UNILEVER LIMITED
  • 9. PROCEDURE OF ISSUE OF SHARES 1 2 3 4 • Issue of prospectus • Application received • Allotment of share • calls
  • 10. Other related Terms 1) CALLS IN ARREARS. 2) CALLS IN ADVANCE. 3) FORFEITURE OF SHARES. 4) REISSUE OF SHARES. 11
  • 11. ISSUE OF SHARES  When Share Application Money is Received:Date 1  Particulars L.F Dr.Amt. By Bank A/c Dr. To Share Application A/c (being application money received) xxxxx - Cr.Amt. xxxxx When Share Application Money is Transferred:Date 1 Particulars By Share Application A/c To Share Capital A/c L.F Dr.Amt. Dr. (being application money transferred) xxxxx - Cr.Amt. xxxxx
  • 12.  When Share Allotment money is Transferred:Date 1  Particulars By Share Allotment A/c To Share Capital A/c (being allotment money due) L.F Dr.Amt. Dr. xxxxx - Cr.Amt. xxxxx When Share Allotment Money is Received:Date 1 Particulars By Bank A/c Dr. To Share Allotment A/c (being allotment money received) L.F Dr.Amt. xxxxx - Cr.Amt. xxxxx
  • 13.  When Share First call money is Transferred:Date 1  Particulars By Share First call A/c To Share Capital A/c (being first call money due) L.F Dr.Amt. Dr. xxxxx - Cr.Amt. xxxxx When Share First call Money is Received:Date 1 Particulars By Bank A/c Dr. To Share First call A/c (being first call money received) L.F Dr.Amt. xxxxx - Cr.Amt. xxxxx
  • 14.  When Share Final call money is Transferred:Date 1  Particulars By Share Final call A/c To Share Capital A/c (being final call money due) L.F Dr.Amt. Dr. xxxxx - Cr.Amt. xxxxx When Share Final call Money is Received:Date 1 Particulars By Bank A/c Dr. To Share Final call A/c (being final call money received) L.F Dr.Amt. xxxxx - Cr.Amt. xxxxx
  • 15. QUESTION:X.Ltd issued 20,000 Equity Shares of Rs.10/- payable as follows On Application Rs.2/ On Allotment Rs.3/ On First call Rs.2/ On Final call Rs.3/ The Company received application for 16,000 Equity shares. All the shares were duly alloted and money due was received.  Pass Journal Entries. 
  • 16. IN THE BOOKS OF X. LTD JOURNAL ENTRIES Date Particulars L.F Dr.Amt. Cr.Amt. 1) By Bank A/c Dr. To Share Application A/c (16000 Shares X 2/- per share) (being application money received) 32000 - 32000 2) By Share Application A/c Dr. To Share Capital A/c (being application money transferred) 32000 - 32000 3) By Share Allotment A/c To Share Capital A/c (16000 Shares X 3/- per share) (being allotment money due) 48000 - 48000 4) By Bank A/c To Share Allotment A/c (being allotment money received) 48000 - 48000 Dr. Dr.
  • 17. CONT:Date Particulars 5) By Share First Call A/c To Share Capital A/c (16000 Shares X 2/- per share) (being first call money due) 6) By Bank A/c To Share First Call A/c (being first call money received) 7) By Share Final Call A/c To Share Capital A/c (16000 Shares X 3/- per share) (being final call money due) 8) By Bank A/c To Share Final Call A/c (being final call money received) L.F Dr. Dr. Dr. Dr. Dr.Amt. Cr.Amt. 32000 - 32000 32000 - 32000 48000 - 48000 48000 - 48000
  • 18. ??ANY QUERIES??

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