Question

(Share Capital in Balance Sheet in case of Undersubscription).
The authorised capital of Suhas Ltd. is Rs. 50,00,000 divided into 25,000 shares of Rs. 200 each. Out of these, the company issued 12,000 shares of Rs. 200 each at a premium of 10% . The amount per share was payable as follows:
Rs. 60 on application,
Rs. 60 on allotment (including premium),
Rs. 30 on first call, and
balance on final call.
Public applied for 11,000 shares. All the money was duly received.
Prepare an extract of Balance Sheet of Suhas Ltd. as per Schedule III, Part I of the Companies Act, 2013 showing share capital.

Answer 1

Answer:

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