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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. |
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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:
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. |
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