Please allow ads on our site
Please log in to access this content. You will be redirected to the login page shortly.
LoginOn 1st April, 2012, Kamya Ltd. was formed with an authorised of Rs. 40,00,000 divided into 4,00,000 equity shares of Rs. 10 each. The company issued prospectus inviting applications for 3,80,000 equity shares. The company received applications for 3,60,000 equity shares. During thefirst year, Rs. per share were called. Deepti holding 3,000 shares and Divya holding 6,000 shares did not pay the first call of Rs. 2 per share. Divya's shares were forfeited after the first call and later on 5,000 of theforfeited shares were reissued at Rs. 6 per share, Rs. 8 called-up.
Show the following:
(i) 'Share Capital' in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013.
(ii) Also prepare 'Note to Accounts'.
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.
Take Quiz To Earn Credits!
Turn Your Knowledge into Earnings.
Answers
No matter what stage you're at in your education or career, TuteeHub will help you reach the next level that you're aiming for. Simply,Choose a subject/topic and get started in self-paced practice sessions to improve your knowledge and scores.
