Question

Question 1
On the 1st of April 2018, A Itd. was formed with an authorised capital of 3.1,00,00,000/-
divided into 2,00,000 equity shares of 3. 50/- each. The firm issued a prospectus inviting
applications for 1,80,000 shares. The issue price was payable as under:
On application: 3. 15/-
On allotment: 7.20/-
On call: Balance amount
The issue 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:
• Share capital in the balance sheet of the company as per Schedule II, Part I of the
Companies Act, 2013
• Also, prepare 'Note to Accounts' for the same.


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Answer 1

Answer:

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