Question

De 1st April, 2012. Vishwas Ltd was formed with
an authorised capital of 10,00,000
ailed into 1.00,000 equity shares of 10 each. The company issued prospectus inviting
applications for 90,000 equity shares. The company received applications for 85,000 equity
dares. During the first year, 78 per share were called. Ram holding 1,000 shares and
Sam holding 2,000 shares did not pay the first call of 7 2 per share. Shyam's shares were
infeited after the first call and later on 1,500 of the forfeited shares were reissued at 6 per
share? 8 called up.
Show the following
Share capital in the balance sheet of the company as per Revised Schedule III Part 1 of the
Companies Act, 2013.
Also prepare 'notes to accounts for the same. All India 2014​

Answer 1

Answer:

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