Question

NCE SH
The authorised capital of ABC Ltd. is * 80,00,000 divided into 8,00,000 equity shares of
10 each. Out of these, the company issued 4,00,000 equity shares for subscription to the
public. The public applied for 3,70,000 equity shares and all the money was duly received.
How will you show the “Share Capital A/c in the Balance Sheet of ABC Ltd. Also prepare
*Notes to Accounts for the same (Share Capital (Subscribed and fully paid up) = 37,00,000)​

Answer 1

Answer:

10 each. Out of these, the company issued 4,00,000 equity shares for subscription to the public. The public applied for 3,70,000 equity ...