Question

2.
Gurjap Ltd was formed with an authorised capital of = 25,00,000 divided in to shares of + 100 each. It
issued to the public 75% of its shares. The public applied for 90% of shares issued.
The amount was payable as follows: application = 30; allotment + 50 and final call + 20
The final call was not called up. Ashok holding 500 shares did not pay allotment money. .
Show how these items will appear in the liabilities side of Balance Sheet.​

Answer 1

Explanation:

$\huge{\underline{\sf{\orange{Answer -}}}}$

$let \: the \: whole \: quantity \: = x$

$A/Q$

$5\% \: of \: x = 600 \\ \\ = > \frac{5 \times x}{100} = 600 \\ \\ \\= > 5 \times x = 600 \times 100 \\ \\ \\ \ \: = > x = \frac{600 \times 100}{5} \\ \\ \: \\ = > x = \frac{120 \times 100}{1} \: \\ \\ x = 12000$

Therefore, The whole quantity = 12000

Answer 2

Answer:

Paid up capital ₹ 13,25,000

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