16:- Shaun Ltd. has an authorised capital of $ 15,00,000 divided into equity shares of $ 10 each. The company invited applications for 1,00,000 shares. The issue was fully subscribed and paid except the final call of $ 3 per shares on 5,000 shares. Compute :- (i) Authorised Capital, (ii) Issued Capital (iii) Subscribed and fully paid Capital and (iv) Subscribed but not fully paid Capital in the Notes to Accounts of Share Capital:

16:- Shaun Ltd. has an authorised capital of $ 15,00,000 divided into equity shares of $ 10 each. The company invited applications for 1,00,000 shares. The issue was fully subscribed and paid except the final call of $ 3 per shares on 5,000 shares. Compute :- (i) Authorised Capital, (ii) Issued Capital (iii) Subscribed and fully paid Capital and (iv) Subscribed but not fully paid Capital in the Notes to Accounts of Share Capital:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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