Question

1.55
Financial Statements of a Company
R
1. X Ltd has an authorised capital of 2,00,000 divided into equity shares of
10 each. The company invited applications for 10,000 shares.
Application for 9,000 shares were received. All calls were made and were
duly received except the final call of *2 per share on 500 shares. Out of
the shares on which final call was not received, 400 shares were forfeited.
Show how the share capital will appear in the Balance Sheet of the
company as per Schedule III Part-I of the Companies Act, 2013 as on
31-3-2015?​

Answer 1

Answer:

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