LS2451: ABC Ltd. has an authori0zed capital of Rs. 10,00,000 divided into equity share of Rs.10/- each. The company invited applications for 50,000 shares. Applications for 40,000 shares were received. All calls were made and were duly received except the final call of Rs.2 per share on 1,000 shares. 500 of these shares on which the final call was not received were forfeited. Show how Share Capital will appear in the Balance Sheet of the company as per Schedule VI, Part I of the Companies Act, 1956.

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Question: ABC Ltd. has an authori0zed capital of Rs. 10,00,000 divided into equity share of Rs.10/- each. The company invited applications for 50,000 shares. Applications for 40,000 shares were received. All calls were made and were duly received except the final call of Rs.2 per share on 1,000 shares. 500 of these shares on which the final call was not received were forfeited. Show how Share Capital will appear in the Balance Sheet of the company as per Schedule VI, Part I of the Companies Act, 1956.

 


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