1. Hind Ltd. is registered with an authorised capital of 50,00,000 divided into Equity Shares
of ? 10 each. The company issued all the shares for public subscription. Public applied for
450,000 shares and allotment was made to all the applicants. All the calls were made and were duly received.
How will be the share capital shown in the Balance Sheet of Hind Ltd.?
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e.s. 50,00,000÷10= 5,00,000
5,00,000×10 =50,00,000
s.c. 4,50,000×10=45,00,000
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