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The authorised capital of a limited company is BD. 5,000,000 divided in to 50,000 equity shares of BD.100 each. Out of these, some shares have
The authorised capital of a limited company is BD. 5,000,000 divided in to 50,000 equity shares of BD.100 each. Out of these, some shares have been issued to the public, payable BD. 20 on application, BD. 40 on allotment, BD. 20 on first call and BD. 20 on second and final call. All amounts have been duly received. Requirement: 15135 is the number of shares issued by company. Pass necessary journal entries and prepare Balance sheet.
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