Question

QUESTION 1
A company had an authorised capital of Rs. 10,00.000 divided into 1,00.000 equity shares of Rs. 10 each. It decided to
issue 60,000 shares for subscription and received applications for 10.000 shares it allotten 60.000 shares and rejected
remaining applications. Upto 31-3-2017, it has demanded or called Rs. 9 per share. All shareholders have duly paid the
amount called, except one shareholder, holding 5,000 shares who has paid only Rs.7 per share. Prepare a balance
sheet assuming there are no other details,​

Answer 1

Answer:

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