the following questions 14: II. On the basis of the information about the share capital and the other items of X Ltd. answer X Ltd. has an authorised capital of 15,00,000 divided into 1,00,000 Equity shares of 10 each and 50,000, 9% preference shares of 10 each. only 90,000 equity shares. 85,000 equity shares were subscribed for. During the first year, 8 The whole of preference shares were subscribed, called and paid. However, the per share were called. Ram holding 1,000 shares did not pay first call of 2. Also Shyam holding 2,000 shares did not pay first call of 2. Only Shyam's shares were forfeited after the first call company issued ₹ and later on 1,500 of the forfeited shares were reissued at 26 per share, 78 called up. The newly appointed account executive has been assigned the task of preparing the Balance sheet. find the share capital
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