‘Suvidha Ltd.’ is registered with an authorized capital
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‘Suvidha Ltd.’ is registered with an authorized capital

‘Suvidha Ltd.’ is registered with an authorized capital of Rs 10,00,00,000 divided into10,00,000 equtiy shares of Rs 100 each. The company issued 1,00,000 shares for public subscription. A shareholder holding 100 shares, failed to pay the final call of Rs 20 per share.

His shares were forfeited shares were re-issued at Rs 90 per share as fully paid up.

Present the ‘Share Capital’ in the Balance Sheet of the company as per Schedule VI Part I of the Companies Act, 1956. Also prepare, ‘Notes to Accounts’.

Hint
Accounts & Finance"The different types of share capital is:1. Authorised Capital – It is basically the total amount of share capital which a company could issue to investors. Also, it is called as the Normal or Registered Capital. 2. Issued Capital – It is basically the part of the Authorised Capital which the company has asked for the investment from the general public for a subscription...

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