Question

capital 727,90,000.
2. Gurjap Ltd was formed with an authorised capital of 7 25,00,000 divided into shares of 7 100 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 7 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.
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Answer 1

Answer:

Paid up capital ₹ 13,25,000

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