Linux Ltd. was registered with Authorised Capital of ₹ 20,00,000 divided into 1,00,000 Equity Shares of ₹ 10 each and 10,000; 10% Preference Shares of ₹ 100 each
Linux Ltd. was registered with Authorised Capital of ₹ 20,00,000 divided into 1,00,000 Equity Shares of ₹ 10 each and 10,000; 10% Preference Shares of ₹ 100 each.
The company issued to public 55,000 Equity Shares for subscription and also 10,000; 10% Preference Shares.
Applications were received for 50,000 Equity Shares and 10,000; 10% Preference Shares. The nominal value of Equity Shares and ₹ 80 on 10% Preference Shares were called up. The amount called on both the Equity Shares and Preference Shares were duly received.
Show Share Capital in the Balance Sheet of the company.
Anurag Pathak Answered question September 12, 2024