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M.376 An Aid to Accountancy—CBSE XII

Sept. 28 Bank A/c ...Dr. 5,99,400
To Equity Shares First and Final Call A/c 5,99,400
(Being the shares first and final call received except on 200 shares)
Sept. 28 Equity Share Capital A/c ...Dr. 2,000
Securities Premium Reserve A/c ...Dr. 200
To Forfeited Shares A/c 1,250
To Equity Shares Allotment A/c 350
To Equity Shares First and Final Call A/c 600
(Being 200 shares forfeited for non-payment of allotment and
call money)
Nov. 30 Bank A/c ...Dr. 1,800
Forfeited Shares A/c ...Dr. 200
To Equity Share Capital A/c 2,000
(Being 200 forfeited shares reissued at ` 9 per share as fully paid)
Nov. 30 Forfeited Shares A/c ...Dr. 1,050
To Capital Reserve A/c 1,050
(Being gain on reissue transferred to Capital Reserve)

BALANCE SHEET
as at 31st March, 2018
Particulars Note No. `
I. EQUITY AND LIABILITIES
Shareholders’ Funds
Share Capital 1 20,00,000

Note to Accounts

Particulars `
1. Share Capital
Authorised Capital
... Equity Shares of ` 10 each ...
Issued Capital
2,00,000 Equity Shares of ` 10 each 20,00,000
Subscribed Capital
Subscribed and Fully Paid-up
2,00,000 Equity Shares of ` 10 each 20,00,000

PART B
18. Mutual Fund company is a finance company. Dividend received by it on the shares
held in other companies is Revenue from Operations. Therefore, dividend received by
this company is Cash Inflow from Operating Activities.

19. (i) Cash receipts from the sale of goods;
(ii) Cash receipts from rendering of services, e.g., Royalties, fee, commission.