Question

. Bharat Ltd. was incorporated with a capital of 2,00,000 divided into shares of T 10 each. 2,000 shares were
offered for subscription and out of these, 1,800 shares were applied for and allotted. 3 per share (including
*1 premium) was payable on application, * 4 per share (including 1 premium) on allotment, *2 per share
first call and 3 per share on final call. All the money was received. Give necessary Journal entries and
show share capital in the Balance Sheet.​

Answer 1

Authorised Capital 20,000 shares of Rs.10 each Issued Capital 2,000 Shares Applied 1,800 share -incorporated-with-capital-000-divided-into-shares-each-shares-were-offered-the-public