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On 1st April, 2018, the company …

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On 1st April, 2018, the company with an authorized capital of 2,00,000 equity shares of Rs.10 each, invited applications for 1,50,000 equity shares. Public subscribed for 1,40,000 shares. All money was duly received except Mr. X holding 1000 shares did not pay Rs. 3 and Mr. Y holding 2000 shares did not pay Rs. 4. Company forfeited the shares on which less than Rs. 7 has been received. On the basis of the above information show the share capital in the company’s Balance Sheet.

Posted by Mohit Panday 4 years ago

CBSE > Class 12 > Accountancy

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