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On 1st April, 2013 Janta itd. …

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On 1st April, 2013 Janta itd. was formed with an authorized capital of Rs 50.00.000 divided into 30.000 shares of Rs. 100 each. The company issued 10.000 shares at par. The issue price was payable as follows: On application - Rs 30 per share On allotment - Rs 50 per share On final call Rs 20 per share The issue was fully subscribed and the company allotted shares to all the applicants. All money was received except the final call money on 1.000 shares. Show the 'Share Capital' in the Balance Sheet of the company as per Schedule III of the Companies Act, 2013 as at 31 March, 2014 and also Show Note to Accounts.

Posted by Prashant Kumar 2 years, 1 month ago

CBSE > Class 12 > Accountancy

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