Question

36.Sagar Ltd was registered with an authorised

capltal of Rs 1,00,00,000 divlded into Rs 1,00,000

equity shares of Rs 100 each. The company offered

for public subscription 60,000 equity shares.

Applications for 56,000 equty shares were received

and allotment was made to all the applicants. All

calls were made and were duly received except the

second and final call of Rs 20 per share on 700

shares. Prepare the balance sheet of the company

showing the different types of share captal.​

Answer 1

Answer:

capltal of Rs 1,00,00,000 divlded into Rs 1,00,000

equity shares of Rs 100 each. The company offered

for public subscription 60,000 equity shares.

Applications for 56,000 equty shares were received

and allotment was made to all the applicants. All

calls were made and were duly received except the

second and final call of Rs 20 per share on 700

shares. Prepare the balance sheet of the company