+1 vote
in Class 12 by kratos

Lennova Ltd. has authorised share capital of Rs. 1,00,00,000 divided into 1,00,000 Equity Shares of Rs. 100 each. It has existing issued and paid up capital of Rs. 25,00,000. It further issued to public 25,000 Equity Shares at a premium of 20% for subscription payable as under: On Application: Rs. 30 On Allotment: Rs. 60 and On Call: Balance Amount. The issue was fully subscribed and allotment was made to all the applicants. The company did not make the call during the year. Show share capital of the company in the Balance Sheet of the Company.

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+5 votes
by kratos
 
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Balance Sheet of Lennova Ltd

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