Question

10.
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Micromax Ltd. was registered with an authorised capital of 5,00,000 divided into 50,000 equity
shares of 10 each. Since, the economy was in robust shape, the company decided to offer to the
public for subscription 30,000 equity shares of 10 each at a premium of 20 per share.
Applications for 28,000 shares were received and allotment was made to all the applicants.
All calls were made and duly received except the final call of 2 per share on 200 shares. Show
the “Share Capital” in the Balance Sheet of Micromax Ltd. as per Schedule III of the Companies
Act 2013. Also, prepare Notes to Accounts for the same.
0​

Answer 1

Answer:

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Explanation:

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