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