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Question number 1 Company Accounts issue of shares Solutions DK Goyal class 12 CBSE 2022-23
Question – 1
Vikas Ltd. has an authorized capital of ₹ 40,00,000 divided into 4,00,000 Equity Shares of ₹ 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.