729 Vikas Ltd. has an authorised capital of 40,00,000 divided into 4,00,000 equity Shares of 10 each. Out of these, the company invited applications for 3,00,000 equity shares. 29 The public applied for 2,80,000 shares and all the money was duly received. Show how Share Capital will appear in the Balance Sheet to the Company. Also prepare notes to accounts. EXTRACT OF BALANCE SHEET OF VIKAS LTD. As at.... Particulars Note Amount Amount No. current previous year year 1. EQUITY AND LIABILITIES: Shareholder's Funds (a) Share Capital 1 28,00,000 Notes to Accounts: 40,00,000 Particulars (1) Share Capital: Authorised Capital: 4,00,000 Equity shares of 10 each Issued Capital: 3,00,000 Equity shares of 10 each Subscribed & Fully Paid: 2,80,000 Equity Shares of 10 each 30,00,000 28,00,000 'Tractors India Ltd.' is registered with an authorized capital of 10,00,000 divided into 1,00,000 equity shares of 10 each. The company issued 50,000 equity shares at a premium of 5 per share. 2 per share were payable with application, 8 per share including premium on allotment and the balance amount on first and final call. The issue was fully subscribed and all the amount due was received except the first and final call money on 500 shares allotted to Balram. Present the 'Share Capital in the Balance Sheet of 'Tractors India Ltd.' as per Schedule III Part 1 of the Companies Act, 2013. Also prepare Notes to Accounts for the same. IC.B.S.E. 2015. Set il