Question

0.1. Vikas Ltd. has an authorised capital of 340,00,000 divided into 4,00,000
Equity Shares of 10 each. Out of these, the company invited applications for 3,00,000
equity shares.
The public applied for 2,80,000 shares and all the money was duly received.
Show how Share Capital will appear in the Balance Sheet of the Company. Also
prepare notes to accounts.
[Ans. Subscribed and Fully Paid Capital 28,00,000]​

Answer 1

Answer:

THE ANSWER FOR YOUR QUESTION IS 28,00,000

Explanation:

Notes to accounts

1 share capital

authorised capital

4,00,000 eq. share@10 40,00,000

issued share capital

3,00,000 equity share @ 10 30,00,000

subscribed share capital

subscribed and fully paid up capital

28,000 equity share@ 10 28,00,000

2 cash and cash Eqvalant

cash at bank 28,00,000

balance sheet of vikas ltd

as at

particulars note no. current year previous

amount year

equity and liability

(a) shareholders fund

1 share capital 28,00,000

assets

current assets

cash at bank 28,00,000

Answer 2

Explanation:

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