Question

Q.5 Tycol Ltd. having authorised capital of R1,00,00.000 divided into equity shares of 100 each, offered 66,000
equity shares of 100 each to the public at a premium of 20 per share. The amount per share was payable as
30 - on application: 250 (including premium) - on allotment and the balance - on first and final call. 60,000
shares were subscribed by the public. All the money due was received, except a shareholder holding 3,000 shares
who failed to pay the first and final call. His shares were forfeited. Show Share Capital in the Balance Sheet of
Tycol Led. Also, prepare Notes to Accounts
3 Marks​

Answer 1

Answer:

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