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David ltd. issued ₹4000000equity sharesof ₹10 …

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David ltd. issued ₹4000000equity sharesof ₹10 each out of its registered capital of 100000000. The amountpayable on these shares was as follows: On application ₹1 per share On allotment ₹2 per share On first call ₹ 3per share On second and final call ₹4 per share All calls were made and were duly received , except the second and final call on 1000 shares held by Vipul. These shares were forfeited. Present the 'shares capital' in the Balance sheet if the company as per Schedule III Part I of the Companies act 2013. Also prepare 'Notes th accounts'.

Posted by Anusree Mukherjee 6 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Mayank Garg 6 years, 1 month ago

39,90,000 (3,99,000 shares of ₹10 each) Add: Forefeiture Share Balance (1000 shares @₹6) = ₹6,000 Share Capital= ₹39,96,000

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