Sumanta Das Gupta (Accountant) (310 Points)
28 November 2012Dear Friends and Revered Seniors,
Under the Revised Schedule VI a company has to disclose the following , among other things, under the head "Share Capital" in the notes to accounts :
" a reconciliation of the number of shares outstanding at the beginning and at the end of the reporting period".
Can somebody please explain the meaning of the above statement with example ?
Thank you.
Rishabh Mishra
(Student CA Final )
(44 Points)
Replied 29 November 2012
yup. look....
suppose you have issued 10000 shares during the year and bought back 2000shrs......... and had a opening bal of 50000 shares
so net balance of shares you have to shown under the schedule and in notes reconcile lyk
no of shares outstanding at the beg. 50000
issued 10000
bought back (2000)
no of shres outstanding at d end 58000
Souvik Kumar Ghosh
(CA Final)
(1368 Points)
Replied 08 December 2012
It basically asks for the details which spells out the change between the Opening & closing no of outstanding shares. You can consider Rishabh's example to understand it better.
CAclubindia
