Newbie ltd.was registered with an authorized …

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Newbie ltd.was registered with an authorized capital of 5,00,000 divided into 50,000 equity shares of rupee 10 each. Since the economy was in robust shape the company decided to offer to the public for subscription 30,000 equity shares of rupee 10 each at a premium of rupee 20 per share applications for 28,000 shares were received and allotments was made to all applicants all calls were made and duly received except the final call of rupee 2 per share on 200 shares show the share capital in the balance sheet of newbie Ltd. As per schedule 3 of the companies act 2013 also prepare note to account for the same
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