Question

:
On 1st April, 2018, Vivek Ltd. was formed with an authorised capital of 1,00,00,000 divided
into 2,00,000 equity shares of 50 each. The company issued prospectus inviting applications
for 1,80,000 shares. The issue price was payable as under:
On Application 15,
50
On Allotment
20,
On Call
Balance amount.
The isssue was fully subscribed and the company allotted shares to all the applicants. The
company did not make the call during the year.
Show the following:
(a) Share Capital in the Balance Sheet of the company as per Schedule III, Part I of the
Companies Act, 2013.
dros
(b) Also prepare 'Note to Accounts for the same.
(Delhi 2014, Modified)
a
for the same​

Answer 1

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