CBSE Class 12 Accountancy Accounting For Share Capital Chapter Notes

Download CBSE Class 12 Accountancy Accounting For Share Capital Chapter Notes in PDF format. All Revision notes for Class 12 Accountancy have been designed as per the latest syllabus and updated chapters given in your textbook for Accountancy in Class 12. Our teachers have designed these concept notes for the benefit of Class 12 students. You should use these chapter wise notes for revision on daily basis. These study notes can also be used for learning each chapter and its important and difficult topics or revision just before your exams to help you get better scores in upcoming examinations, You can also use Printable notes for Class 12 Accountancy for faster revision of difficult topics and get higher rank. After reading these notes also refer to MCQ questions for Class 12 Accountancy given on studiestoday

Revision Notes for Class 12 Accountancy Part 2 Chapter 1 Accounting for Share Capital

Class 12 Accountancy students should refer to the following concepts and notes for Part 2 Chapter 1 Accounting for Share Capital in Class 12. These exam notes for Class 12 Accountancy will be very useful for upcoming class tests and examinations and help you to score good marks

Part 2 Chapter 1 Accounting for Share Capital Notes Class 12 Accountancy

ACCOUNTING FOR SHARE CAPITAL
 
1. Share and share capital: nature and types.
 
2. Accounting for share capital: issue and allotment of equity and preferences shares.
 
3. Public subscription of shares - over subscription and under subscription of shares; issue at par and at premium, calls in advance and arrears (excluding interest),
 
4. issue of shares for consideration other than cash.
 
5. Concept of Private Placement and Employee Stock Option Plan (ESOP).
 
6. Accounting treatment of forfeiture and re-issue of share
 
7. Disclosure of share capital in the Balance Sheet of a company
 
(Share and Share Capital: Nature and types)
“A Company is an artificial person created by law, having separate entity with a perpetual succession and a common seal.”
 
                                                                                                                                                        Definition given by Prof. Haney
CBSE Class 12 Accountancy Accounting For Share Capital Chapter Notes 1
 
 
Characteristics (Features) of a company
 
1. The certificate of incorporation of a company is issued by registrar of companies as per procedure/guidelines given in the Companies Act, 2013. The law considers a company as an artificial legal person.
2. A Company is a separate legal entity from its owner (shareholders).
3. A company has perpetual existence, not affected by the death, lunacy or insolvency of its shareholders. It can be winded up only by the law (Court or registrar of company.)
4. Every company has it own common seal, which act as the official signature of the company.
5. The share of a company is transferable subject to certain conditions (e.g. some conditions for private company.)
6. The company is managed by the ‘Board of Directors’, the directors are representative of the shareholders (owners). So, management and ownership are separate in company organization.
7. The liability of a shareholder is limited upto the nominal price of shares subscribed by one.
(Incorporation of a Company)
CBSE Class 12 Accountancy Accounting For Share Capital Chapter Notes 2
 
Types of Companies:
 
Private Company- Section 2(68) of the companies Act,2013 defines “A private company which by its articles of Association.
 
Restricts the right to transfer its shares;
 
Limit the number of its members to 200 excluding its past or present employee members; Prohibits any invitation to public to subscribe for any of its securities. The name of every private Company must end with the words ‘Private
Limited’.
CBSE Class 12 Accountancy Accounting For Share Capital Chapter Notes 3
 
Public Company- According to section 2(71) of the companies Act, 2013. A public company means a company which is not a private company. Private company which is a subsidiary of a company not being a private company shall be deemed a public company.
 
(iii) One Person Company-
Section 2(62) of the Companies Act, 2013 states one-person company is a company which has only one person as a member.
 
Rule 3 of the Companies (Incorporation) Rules, 2014 provides that (i) Only an Indian citizen resident in India can form on Person Company; (ii) Its paid-up capital is not more than 50 lakhs; (iii) Its Average annual turnover should not
exceed ` 2 Cores; (iv) it cannot carry out Non-banking financial Investment activities.
CBSE Class 12 Accountancy Accounting For Share Capital Chapter Notes 4
An OPC is mandatorily converted into Private/Public company. When the paidup share Capital is increased beyond ` 50 Lakhs or its average annual turnover exceed 2 Crore)


Please click on below link to download CBSE Class 12 Accountancy Accounting For Share Capital Chapter Notes

Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement/Death of a Partner
CBSE Class 12 Accountancy Retirement Or Death Of A Partner Notes
Part 1 Chapter 05 Dissolution of Partnership Firm
CBSE Class 12 Accountancy Dissolution Of A Partnership Firm Notes
Part 2 Chapter 03 Financial Statements Of a Company
CBSE Class 12 Accountancy Financial Statement Of Companies Notes

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CBSE Class 12 Accountancy Part 2 Chapter 1 Accounting for Share Capital Notes

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Notes for Accountancy CBSE Class 12 Part 2 Chapter 1 Accounting for Share Capital

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Part 2 Chapter 1 Accounting for Share Capital Notes for Accountancy CBSE Class 12

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Part 2 Chapter 1 Accounting for Share Capital CBSE Class 12 Accountancy Notes

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Notes for CBSE Accountancy Class 12 Part 2 Chapter 1 Accounting for Share Capital

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