Page 343 - DCOM201_ACCOUNTING_FOR_COMPANIES_I

Particulars
Previous Year
Current Year
No.
2
4
3

1. Share Holders Funds

Share Capital + Reserves and Surplus

2. Loan Funds

I. Sources of Funds 1 Schedule Figures for the Figures for the
(a) Secured Loans
(b) Unsecured Loans
Total
II. Application of Funds:
1. Fixed Assets
Accounting for Companies-I
(a) Gross Block
(b) Less Depreciation
(c) Net Block
Notes (d) Capital work in progress
2. Investments
3. Current Assets, Loans and Advances
(a) Inventories
(b) Sundry debtors
(c) Cash and Bank Balances
(d) Other Current Assets
(e) Loans and Advances
Less
Current Liabilities and Provisions
(a) Current Liabilities
(b) Provisions
Net Current Assets
4. Miscellaneous Expenditure (to the
extent not written off)
5. Profit and Loss Account
Total

Notes Details are given by way of schedules.

Statutory Contents of Liabilities Side of Balance Sheet

There are two types of items shown on the liabilities side of the Balance sheet.
1. The items relating to owners equity and
2. The items relating to borrowers’ capital
The main items relating to owner’s capital: The main item are as follows:

1. Share capital
2. Reserves and surplus
1. Share Capital: It means the share of the owner’s in the company. There are different types
of capital.
(a) Authorized Share Capital: This is the amount of capital which the company is authorized
to raise from the public. Generally authorized capital is given in the memorandum
of association, popularly known as M/A at the time of incorporation of the company.
There are two types of share capital – (i) Equity share capital, and (ii) Preference
share capital. It is given by way of information in the balance sheet. It is not added
to the liabilities of the company, unless the entire share capital is issued, subscribed,
called up and received in full.
(b) Issued Share Capital: It is that part of issued share capital, which is offered for the
public to subscribe till the date of Balance Sheet. Various types of share capital along
with classes and face value etc. are given.

(c) Subscribed Capital:
(i) It is that part of issued share capital which is actually, subscribed by the public
alongwith share value called up.

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