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Chapter Summary

Accounting for Share Capital

Haryana Board · Class 12 · Accountancy

Summary of Accounting for Share Capital for Haryana Board Class 12 Accountancy. Key concepts, important points, and chapter overview.

29 questions25 flashcards5 concepts

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An infographic illustrating the main features of a company: Separate Legal Entity, Limited Liability, Perpetual Succession, Common Seal, Transferability of Shares, and May Sue or be Sued. Each feature
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Overview

This chapter introduces the concept of share capital in company accounting, which is fundamental to understanding how companies raise funds from shareholders. A company is an artificial person created by law, distinct from its owners (shareholders). Unlike partnership or sole proprietorship, compani

Key Concepts

A company is an artificial person

A company is an artificial person created by law with separate legal entity from its members. Key features include: Body Corporate (formed under law),

Based on liability

Based on liability: (1) Companies Limited by Shares - liability limited to unpaid amount on shares, (2) Companies Limited by Guarantee - liability lim

Authorised Capital (maximum capital as per

Authorised Capital (maximum capital as per Memorandum), Issued Capital (part of authorized capital offered to public), Subscribed Capital (part of iss

Preference Shares

Preference Shares: Have preferential rights for dividend payment and capital repayment during winding up. Can be cumulative/non-cumulative, participat

Three main stages

Three main stages: (1) Issue of Prospectus (invitation to public with company details), (2) Receipt of Applications (minimum subscription must be rece

Learning Objectives

  • Explain the basic nature of a joint stock company and types of companies based on liability
  • Describe different types of shares (equity and preference shares) issued by companies
  • Understand accounting treatment for shares issued at par, premium, and discount
  • Learn about oversubscription and undersubscription scenarios
  • Master the accounting for forfeiture of shares and reissue under various conditions

Frequently Asked Questions

What are the important topics in Accounting for Share Capital for Haryana Board Class 12 Accountancy?
Accounting for Share Capital covers several key topics that are frequently asked in Haryana Board Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Accounting for Share Capital — Haryana Board Class 12 Accountancy?
Understand the core concepts first, then work through the 29 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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