Sultan Ltd. was registered with an authorised capital of Rs. 50,00,000 divided in 5,00,000 equity shares of Rs. 10 each. Company invited applications for 3,00,000 equity shares at a premium of Rs. 3 per share, payable as follows : Rs. 4 on Application ; Rs. 5 on Allotment (including premium); Balance as and when required.

Applications were received for 2,75,000 shares and allotment was made to all applicants. All money due on allotment was duly received except from one shareholder holding 1,000 shares.

Show the Balance Sheet of the Company.

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DCWX Ltd. purchased a New Super Computer from a vendor for Rs.2,20,000. The company allotted him equity shares at a premium of 10% instead of paying him in cash. The vendor will be allotted ________ equity shares of Rs.10 each.

The correct option is C 20,000Value of New super Computer= Rs 2,20,000The shares are issued at premium of 10% to the vendorTherefore issue price of the share= Rs10+10% =Rs 11/share.No of shares to be issued to vendor= Rs 2,20,000/Rs 11 =20,000 shares.

DCWX Ltd. purchased a New Super Computer from a vendor for $R s . 2, 20, 000$ . The company allotted him equity shares at a premium of $10$ % instead of paying him in cash. The vendor will be allotted ________ equity shares of $R s . 10$ each.

The correct option is C $20, 000$
Value of New super Computer= Rs 2,20,000
The shares are issued at premium of 10% to the vendor
Therefore issue price of the share= Rs10+10%
=Rs 11/share.
No of shares to be issued to vendor= Rs 2,20,000/Rs 11
=20,000 shares.