WHEN SUBSCRIBED SHARES ARE FULLY PAID-UP. ACCOUNTING FOR SHARE CAPITAL.
ILLUSTRATIONS FIRST CASE WHEN SUBSCRIBED SHARES ARE FULLY PAID-UP Brave Ltd. is registered with capital of Rs.10,00,000 divided into 1,00,000 Equity Shares of 10 each. It issued 75,000 Equity Shares to the Public for subscription. It received applications for 70,000 Equity Shares. The Directors called Rs.10 per share which was received. How will Share Capital be shown in the Balance Sheet of Brave Ltd.? Brave Ltd . BALANCE SHEET(EXTRACT) as at…. Particulars Note no. Amou...