Question:
Following is the extract of the Balance Sheet of Vikalp Ltd. as per Schedule-III, Part-I of Companies Act as at 31st March, 2024 along with notes to accounts :
(i) The total face value of equity shares issued during the year 2023-24 was :
Following is the extract of the Balance Sheet of Vikalp Ltd. as per Schedule-III, Part-I of Companies Act as at 31st March, 2024 along with notes to accounts :
(i) The total face value of equity shares issued during the year 2023-24 was :
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Compare issued capital of current and previous years to find fresh issue.
Updated On: Jul 14, 2025
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Solution and Explanation
Issued capital as at 31-03-2023 = ₹ 50,00,000
Issued capital as at 31-03-2024 = ₹ 60,00,000
Increase in issued capital = ₹ 10,00,000
Face value per share = ₹ 10
Number of new shares issued = ₹ 10,00,000 ÷ ₹ 10 = 1,00,000 shares
Total face value = 1,00,000 × ₹ 10 = ₹ 10,00,000
Issued capital as at 31-03-2024 = ₹ 60,00,000
Increase in issued capital = ₹ 10,00,000
Face value per share = ₹ 10
Number of new shares issued = ₹ 10,00,000 ÷ ₹ 10 = 1,00,000 shares
Total face value = 1,00,000 × ₹ 10 = ₹ 10,00,000
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