7 :- Excel Ltd. Was registered with capital of Rs 5,00,000 dividend into 50,000 Equity shares of Rs 10 each. It issued 20,000 Equity Shares to public for subscription. The shares were subscibed and calls were made and received except first and final call of Rs 2 on 500 shares held by Varun.
Prepare Balance Sheet of the company showing Share Capital.
Solution :-
