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:ILLUSTRATION : 4.On 1st April, 2018, Ashok Ltd. was formed with an authorized capital of31,00,00,000 divided into 2,00,000 equity shares of 50 each. The company issuedprospectus inviting applications for 1,50,000 shares. The issue price was payable asunder:₹On Application15On Allotment20On CallBalanceThe issue was fully subscribed and the company allotted shares to all theapplicants. The company did not make the call during the year.The company also issued 5,000 equity shares of 50 each fully paid up to thevendors for purchase of office premises.Show the share capital in the Balance Sheet of the company as per Schedule-IIIand also prepare ‘notes to accounts'.: |
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