India - Service Sector: NSS 63rd Round, Schedule 2.345, July 2006 - June 2007

Item 1001: partner’s capital: This item is applicable only for partnership enterprises. Total capital deployed by all the partners of the enterprise as on the last date of the reference year will be recorded here. In the books of accounts of partnership or HUF enterprises, this entry is generally made under the heading ‘capital account’.
Item 1002: share capital (paid-up) and share application money: Companies issue share certificates, each of a pre-determined face value (usually of Rs. 10) to its shareholders, public or a limited set of private individuals.

Against these certificates, the shareholders deposit money to the company. These are called paid-up share capital. In addition to the face value of the share certificates issued by the company, sometimes it collects additional money for issue of each such share, called ‘premiums’, ‘security premium’ or ‘share premium account’.
If a company receive the amount for issue of share certificates but has not actually issued the same, the money
thus held by the company is called share application money. Total value (in rupees) of all these items excluding share premium will be reported in 1002. Share capital comes in some books of accounts under the heading ‘shareholder’s funds’. The paid-up share capital is also written as ‘issued, subscribed and paid-up equity shares’
in some books of accounts. In some balance sheets, one may find two entries under the heading share capital:
‘issued’ and ‘subscribed and paid-up’. The ‘subscribed and paid-up’ part will be recorded against item 1002 (and
not both ‘issued’ and ‘subscribed and paid-up’).
Item 1003: reserve and surplus, share premium and other reserve funds: The companies, after distribution
of dividends, etc., to its shareholders, transfer most of the remaining part of profit in the reserve and surplus
fund. These will be recorded here. Some of the entries made under this heading are: ‘general reserve’, ‘share
transfer fund’, ‘reserve fund’, ‘risk fund’, ‘dividend equalisation fund’, ‘statutory reserve’, ‘capital reserve’, ‘capital
redemption reserve’, ‘P&L account reserve’, etc. Entire reserve and surplus up to the closing date of the year will
be recorded in this item. Share premium will also be included in this item.
Items 1004 to 1014 are different types of long term loans contracted by the enterprise. Description of these is
given below.
Item 1004: long term interest-free loans: Any non-institutional loan, which is interest-free, will be included in this
item.
Item 1005: central and state level term lending institutions, government (central, state, local bodies), banks &
societies (public sector, commercial, co-operative): This will include the following institutions:
i) Industrial Financial Corporation (IFC)
ii) Industrial Development Bank (IDB)
iii) Industrial Credit and Investment Corporation
iv) National Industrial Development Corporation
v) National/State Small Industries Corporation
vi) Other industrial and financial corporations set up by Central/State Governments
vii) Different Ministries/Departments of Government or the local bodies (i. e., panchayat, municipality, etc.)
viii) All scheduled and unscheduled banks including the State Bank of India and its subsidiaries like the State
Bank of Travancore, State Bank of Mysore, State Bank of Bikaner & Jaipur, State Bank of Patiala etc.
ix) Cooperative institutions like primary cooperative credit societies, district and central cooperative banks,
primary or central land mortgage banks, and loom weavers’ cooperative societies and other industrial or other
types of cooperative societies etc.
Item 1006: other institutional agencies: Loans advanced by institutions/ agencies like Khadi and Village Industries
Commission, Life Insurance Corporation, Chit Funds, etc. not covered under item 1005 above will be recorded
against this item.
Item 1007: member’s funds: For many financial enterprises like the SHG’s, co-operative societies, chit funds,
etc. members contribute a fixed amount mostly on a regular periodic basis which is used by the enterprise for
giving loans to members, etc. for running the activities of the enterprise. The entire amount contributed by the
members will be reported here. Note that capital of the members/ partners reported in item 1001 should not be
duplicated here. Entries appearing in the balance sheet under the heading ‘member’s funds’ under ‘loan funds’
will be recorded in this item.
Item 1008: fixed deposits: Some enterprises take loans from individuals on which the enterprises are liable to pay
interest at an agreed rate. These fixed deposits will be recorded here. Generally enterprises issuing such fixed
deposits have to possess specific permissions (from the Reserve Bank of India) for issuing the fixed deposits.

Item 1011: moneylenders: A money lender is any person who has advanced a loan which carries interest
irrespective of his being a friend or relative of the entrepreneur.
Item 1012: Business partner(s)/inter corporate loan: In the case of a partnership enterprise, loans may be made
available by partner(s) of the enterprise. One company can contract loan from its sister concerns. For such type
of loans entries shall be made against this item. If the partner happens to be a moneylender then also entry shall
be made against this item.
Item 1013: suppliers/ contractors: Sometimes an enterprise is provided with loans by the supplier of basic inputs/
raw materials and equipment to the enterprise. In the case of an enterprise working on contract basis, it may so
happen that the contractor himself gives that loan. All such loans shall be recorded against this item.
Item 1014: others (debentures, etc.): Long term (i.e., of a duration of more than a year) loans taken from any
other agency not covered through items 1004 to 1013 and debentures issued by the enterprise will be recorded
under this item.
1015 and 1016 will be used all the current liabilities and provisions made by the enterprise.
Item 1015: sundry creditors: Sundry creditors for supplies, other finances and other liabilities will be included
here.
Item 1016: other provisions: Bills payable, advance payments received on supplies to be made by the
enterprise, credit balance with sister concerns, provisions for taxation, leave encashment, diminution in value of
investments, etc. will be reported here.
Item 1019: Total: Total of items 1001 to 1016 will be recorded against this item.
Item 1021: authorised share capital: The companies, co-operative societies, etc. who can issue shares, decide
first on the maximum permissible limit for issuing such shares, which they later get ratified by some government
agency. This maximum permissible limit is called the authorised share capital. The actual value realised by the
company through paid-up share capital cannot exceed this authorised value. The authorised share capital value
(not the number of shares) will be recorded here.
For making entries using books of accounts, generally all the items of assets and liabilities provided in blocks 9
and 10 are available as direct entries (or a sum-total of a few direct entries) in the balance sheet. These may be
copied without omission or duplication keeping in mind that entries in items 901 to 919 will be available as assets
and entries of block 10 will be available as liabilities in the balance sheet.
Column (3): principal amount outstanding as on the last date of reference year: The actual amount outstanding,
like principal amount of loan outstanding, shall be recorded in this column against the appropriate items of
liability.
Column (4): Interest/dividend payable during the reference period (Rs): Total interest/dividend payable for the
reference period for all the liabilities taken by the enterprise will be recorded here, irrespective of the fact that
any of the loans might have been repaid either fully or partly or found to be outstanding. This will include interest/
dividend payable to the partners of the enterprise also.