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(Issue of Shares at Premium, undersubscr...

(Issue of Shares at Premium, undersubscribed, Amount Payable in Instalments).
Newbie Ltd. was registered with an authorised capital of Rs. 5,00,000 divided into 50,000 equity shares of Rs. 10 each. Since, the economy was in robust shape, the company decided to offer to the public for subscription 30,000 equity shares of Rs. 10 each at a premium of Rs. 20 per share.
Applications for 28,000 shares were received and allotment was made to all the applications. All calls were made and duly received except the final call of Rs. 2 per share on 200 shares. Show the 'Share Capital' in the Balance Sheet of Newbie Ltd. as per Schedule III of the Companies Act, 2013, Also, prepare Note to Accounts for the same.

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Newbie Ltd. was registered with an authorized capital of Rs 5,00,000 divided into 50,000 equity shares of Rs 10 each. Since the economy was in robust shape, the company decided to offer to the public for subscription 30000 equity shares of Rs 10 each at a premium of Rs 20 per share. Applications for 28,000 shares were received and allotment was made to all the applicants. All calls were made and duly received except the final call of Rs 2 per share on 200 shares. Show the 'Share Capital' in the balance Sheet of Newbie Ltd. as per Schedule III of the Companies Act 2013. Also prepare Notes to Accounts for the same.

(Issue of Shares at Premium, Fully Subscribed, Amount Payable in Instalments). 'Tractors India Ltd.' is registered with a authorised capital of Rs. 10,00,000 divided into 1,00,000 equity shares of Rs. 10 each. The company issued 50,000 equity shares at a premium of Rs. 5 per share. Rs. 2 per share were payable with application, Rs. 8 per share (including premium) on allotment and the balance amount on first and final call. The issue was fully subscribed and all the amount due was received except the first and final call money on 500 shares allotted to Balaram. Present the 'Share Capital' in the Balance Sheet of 'Tractors India Ltd.' as per Schedule III, part I of the Companies Act, 2013. Also prepare Note to Accounts for the same.

'Tractors India Ltd.' is registered with an authorized capital of Rs. 10,00,000 divided into 1,00,000 equity shares of Rs. 10 each. The company issued 50,000 equility shares at a premium of Rs. 5 per share. Rs. 2 per share were payable with application, Rs. 8 per share including premium on allotment and the balance amount on first and final call. The issue was fully subscribed and all the amount due was received except the first and final call money on 500 shares allotted to Balram. Present the 'Share Capital' in the Balance Sheet of 'Tractors India Ltd.' as per Schedule III Part I of the Companies Act, 2013. Also prepare Notes to Accounts for the same.

Gopal Ltd. was registered with an authorlsed capital of Rs. 50,00,000 divided into Equity Shares of Rs. 100 each. The company offered for public subscription all the shares. Public applied for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duly received except the final call of Rs. 20 per share on 500 shares. Prepare the Balance Sheet of the company showing the different types of share capital.

Star Ltd. is registered with capital of Rs. 50,00,000 divided into 50,000 equity shares of Rs. 100 each. The Company issued 25,000 equity shares for subscription . Subscription was received for 23,750 shares and all the due amount was duly received, except the first and final call of Rs. 20 per share on 600 shares. Show the 'Share Capital' in the Balance Sheet of the company.

Sun Pharma Ltd. is registered with an authorized capital of Rs. 1,00,00,000 divided into 1,00,000 equity shares of Rs. 100 each. The company issued 50,000 shares at a premium of Rs. 40 per share. A shareholder holding 500 shares did not pay the final call of Rs. 20 share. A shareholder holding 500 shares did not pay the final call of Rs. 20 per share. His shares were forfeited. Present the 'Share Capital in the Balance Sheet of the Company as per Schedule III Part I of the Companies Act, 2013. Also prepare notes to accounts.

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