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LoginNK Ltd., a truck manufacturing company, is registered with an authorised capital of Rs. 1,00,00,000 divided into equity shares of Rs. 100 each. The subscribed and paid-up capital of the company is Rs. 50,00,000. The company decided to open technical schools in the Jhalawar district of Rajasthan to train the specially abled children of the area. It is planning to provide them employment in its various production units and industries in theneighbourhood area.
To meet the capital expital expenditure reuirements of project, the company offered 20,000 shares to the public for subscription. The shares were fully subscribed and paid.
Present the share capital in the Balance Sheet of the company as per theprovisions of Schedule III of the Companies Act, 2013.
Class 12 Accounts in Class 12 3 years ago
Posted on 04 Dec 2021, this text provides information on Class 12 related to Accounts in Class 12. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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