Question

Janta Ltd. had an authorised capital of ? 2,00,000 divided into equity shares of rs 10 each. The companyoffered for subscription of 10,000 shares. The issue was fully subscribed. The amount payable onapplication was * 2 per share. * 4 per share were payable each on allotment and first and final call.A share holder holding 100 shares failed to pay the allotment money. His shares were forfeited. Thecompany did not make the final call. How the 'Share Capital will be presented in the company'sbalance sheet? Also prepare Notes to Accounts for the same.​

Answer 1

Answer:

The companyoffered for subscription of 10,000 shares. The issue was fully subscribed. The amount payable onapplication was * 2 per share. * 4 per share were payable each on allotment and first and final call.A share holder holding 100 shares failed to pay the allotment money. His shares were forfeited. Thecompany did not make the final call

Answer 2

Explanation:

Janta Ltd. had an authorised capital of ? 2,00,000 divided into equity shares of rs 10 each. The companyoffered for subscription of 10,000 shares. The issue was fully subscribed. The amount payable onapplication was * 2 per share. * 4 per share were payable each on allotment and first and final call.A share holder holding 100 shares failed to pay the allotment money. His shares were forfeited. Thecompany did not make the final call. How the 'Share Capital will be presented in the company'sbalance sheet? Also prepare Notes to Accounts for the same.