Solution 21 of cbse sample paper 2025-26 | Accountancy Class 12 @sethsaccountancytricks
Solution 21 of cbse sample paper 2025-26 | Accountancy Class 12 @sethsaccountancytricks 21. Sapphire Ltd. Was registered with an authorised capital of ₹80,00,000 divided into 4,00,000 shares of ₹20 each. Company offered and issued 1,50,000 shares at a premium of ₹4 per share payable as ₹7 on application (including ₹1 premium), ₹12 on allotment (including ₹2 premium) and balance on first call. Rancho, holding 10,000 shares failed to pay allotment and call money. Another shareholder Sultan holding 5,000 shares failed to pay the call money. All the shares held by Rancho were forfeited and of these 8,000 were reissued at ₹22 per share as fully paid. Show Share Capital sub head as it would in the Balance Sheet of Sapphire ltd. along with notes to Account as per the Companies Act 2013.
