Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 6 sunrise ltd. was formed on 1st november, 2021, w

6 Sunrise Ltd. Was formed on 1st November, 2021, with a capital of Rs. 20,00,000...

80.2K

Verified Solution

Question

Accounting

6 Sunrise Ltd. Was formed on 1st November, 2021, with a capital of Rs. 20,00,000 divided into Eq each. It offered 95% shares to the public which were all subscribed for. 60% amount was payable on application; 30% on Allotment; And the balance on Final call. The applicants paid Rs. 11,40,000 on application and Rs. 5,40,000 on allotment. Final call was no company till the Balance sheet date. S You are required to prepare : (i) (ii) An Extract of the Balance Sheet showing Share capital Notes to Accounts

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A cylinder containing ideal gas is sealed by a piston that is above the gas. The...

Physics
Q

The velocity of steam at inlet to a simple impulse turbine is 1200 m/s and the...

Mechanical Engineering
Q

Project on Orthonormal Matrices. Need to write paper on Orthonormal Matrices with words citation.

Advance Math
Q

1 (a) If 14 women compete in the marathon at the Olympics, in how many different...

Advance Math
Q

For each of the following pairs of family members provide the coefficient of relatedness. (Assume...

Biology
Q

4 Mai has 38 She plans to buy 3 CDs for 12 each MACIC HAVEIDE...

Basic Math
Q

A company makes wax candles in the shape of a rectangular prism Each candle is...

Basic Math
Q

Solve 17 5x 8 X

Statistics
Q

Find a possible formula for the trigonometric function whose values are in the following table...

Algebra
Q

Use the given zero to find the remaining zeros of the function h x 3x4...

Algebra
Q

5. You buy the bond for the price you computed, hold it for one year,...

Accounting
Q

Select all of the following statements that are true four years from now, in the...

Accounting