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X' Ltd. was formed with a capital of Rs ...

X' Ltd. was formed with a capital of Rs 15,00,000 divided into equity shares of Rs 10 each. Out of these 6,000 shares were issued to the vendors as fully paid as purchase consideration for a building acquired and 3,000 shares were issued to signatories to the Memorandum of Association as fully paid. The Directors offered 19,500 shares to the public and called up Rs 6 per share and received the entire called up amount on shares allotted. Prepare a Balance Sheet showing Share Capital as per Schedule III Part I of Companies Act, 2013 from the above transactions in the books of 'X' Ltd.

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Note : Out of above, 6,000 equity shares of Rs 10 each were allotted as fully paid-up to Vendors without payment being received in Cash.
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