Question

22. The authorised capital of Sarang Ltd. is * 1,20,00,000 divided into 12,00,000 shares of 10 each. Ow
these,company issued 8,00,000 shares of 10 each at a premium of 20%. The amount per share was paye
as follows:
32
On Application
On Allotment
*6 (including premium)
On First Call
72
On Final Call
Balance
Public applied for 7,80,000 shares. All the money was duly received. Prepare an extract of Balance Shed
of Sarang Ltd as per Schedule III, Part 1 of the Companies Act, 2013, disclosing the above information. A
prepare 'Notes to Accounts for the same.

Answer 1

Answer:

legends never die I can understand

Answer 2

Answer:

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