,000.] Q. 4. On 1st April, 2017, Shakti Ltd. was formed with an authorized capital of 50,00,000 divided into 3,00,000 equity shares of 20 each. Out of these, 50,000 tures were issued to the vendors as fully paid up for purchase of office premises. The irectors offered 1,20,000 shares to the public and called up 10 per share and ceived the entire called up amount on these shares. Show the share capital in the Balance Sheet of the company as per Schedule-III ad also prepare 'notes to accounts'.
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1st April, 2017, Shakti Ltd. was formed with an authorized capital of Rs. 60,00,000 divided into 3,00,000 equity shares of Rs. 20 each. Out of these, 50,000 shares were issued to the vendors as fully paid up for purchase of office premises. The directors offered 1,20,000 shares to the public and called up Rs. 10 per share and received the entire called up amount on these shares. Show the share capital in the Balance Sheet of the company as per Schedule-III and also prepare 'notes to accounts'.
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