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Vikas Ltd. has an authorised capital of ...

Vikas Ltd. has an authorised capital of Rs. 40,00,000 divided into 4,00,000 Equity Shares of Rs. 10 each. Out of these, the company invited applications for 3,00,000 equity shares. The public applied for 2,80,000 shares and all the money was duly received. Show how Share Capital will appear in the Balance Sheet of the Company. Also prepare notes to accounts.

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Subscribed and Fully Paid Capital Rs. 28,00,000 .
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