CBSE BOARD XII, asked by Arusharab, 15 days ago

illustration 45. On 1st April, 2012, Vishwas Ltd. was formed with an authorised capital of 10,00,000 divided into 1,00,000 equity shares of * 10 each. The company issued prospectus inviting appucat for 90,000 equity shares. The company received applications for 85,000 equity shares. During the first year, *8 per share were called. Ram holding 1,000 shares and Shyam holding 2,000 share did not pay the first call of * 2 per share. Shyam's shares were forfeited after the first call as later on 1,500 of the forfeited shares were reissued at 6 per share, 8 called-up. Show the following: (a) Share capital in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013. (b) Also prepare 'Note to Accounts for the same. (OD 2014, Modified​

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Answered by partha3269
0

Answer:

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Explanation:

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