Question

Poonam Ltd. has an authorised capital of ₹30,00,000 divided into equity shares of ₹20 each. The company invited applications for issuing 70,000 shares. Applications for 67,000 shares were received.
All calls were made and were duly received except the final call of ₹8 per share on 4,000 shares. These shares were forfeited.
(a) Present the share capital in the Balance Sheet of the company as per schedule III of the Companies Act, 2013.
(b) Also prepare 'Notes to accounts' for the same.​

Answer 1

Explanation:

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Answer 2

Answer:

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