14 :- National Textiles Ltd was registered with the authorised capital of Rs 3,00,000 divided into 3,000 shares of Rs 100 each, which were offered to the public. Amount payable as Rs 30 per share on application, Rs 40 per share on Allotment and Rs 30 per share on First and final call. These shares were fully subscribed and all money was duly received.
Prepare Cash Book, Journal and Balance Sheet showing Share Capital.
Solution :-
