18 :- Authorised capital of Suhani Ltd is Rs 45,00,000 divided into 30,000 shares of Rs 150 each. Out of these company issued 15,000 shares of Rs 150 each at a premium of Rs 10 per share. The amount was payable as follows :
Rs 50 per application, Rs 40 per share on allotment (including premium), Rs 30 per share on first call and balance on final call. Public applied for 14,000 shares. All the money was duly received.
Prepare an extract of Balance Sheet of Suhani Ltd. As per Schedule III, Part 1 of the Companies Act, 2013 disclosing the share capital.
Solution :-
