Shiv Ltd. was registered with an authorised capital of ₹ $\displaystyle 9,00,000$ divided into equity shares of ₹ $\displaystyle 10$ each. The company issued a prospectus inviting applications for issuing $\displaystyle 80,000$ equity shares. The company received applications for $\displaystyle 79,000$ equity shares. A11 calls were made and duly received except the second and final call of ₹ $\displaystyle 3$ per share on $\displaystyle 4,000$ shares held by Anu. These shares were forfeited. (a) Present the 'Share capital' in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013. (b) Also prepare 'Notes to Accounts' for the same.

Books of Shiv Ltd. BALANCE SHEET as at …….. (Extract) Particulars Note No. Amount ( `) I EQUITY AND LIABILITIES 1. Shareholders’ Funds a. Share Capital $\displaystyle 1$ $\displaystyle 7,78,000$ Notes to Accounts: - Amount (`) Particulars 1. Share Capital Authorized Capital $\displaystyle 90,000$ Equity Shares of `$\displaystyle 10$ each $\displaystyle 9,00,000$ Issued Capital $\displaystyle 80,000$ Equity Shares of `$\displaystyle 10$ each $\displaystyle 8,00,000$ Subscribed Capital Subscribed and Fully Paid Up `$\displaystyle 10$ $\displaystyle 7,50,000$ $\displaystyle 75,000$ Equity Shares of each Add: Share Forfeiture A/c $\displaystyle 28,000$ $\displaystyle 7,78,000$