1.

Lennova Ltd. has authorised share capital of ₹ 1,00,00,000 divided into 1,00,000 Equity Shares of ₹ 100 each . It has existing issued and paid up capital of ₹ 25,00,000. It further issued to public 25,000 Equity Shares at a premium of 20% for subscription payable as under: On Application: ₹ 30 On Allotment: ₹ 60 and On Call: Balance Amount. The issue was fully subscribed and allotment was made to all the applicants . The company did not make the call during the year.Show share capital of the company in the Balance Sheet of the Company.

Answer»
Lennova Ltd. has authorised share capital of ₹ 1,00,00,000 divided into 1,00,000 Equity Shares of ₹ 100 each . It has existing issued and paid up capital of ₹ 25,00,000. It further issued to public 25,000 Equity Shares at a premium of 20% for subscription payable as under:















On Application: ₹ 30
On Allotment: ₹ 60 and
On Call: Balance Amount.



The issue was fully subscribed and allotment was made to all the applicants . The company did not make the call during the year.

Show share capital of the company in the Balance Sheet of the Company.


Discussion

No Comment Found

Related InterviewSolutions