Sunstar Ltd. has an authorised capital of ₹20,00,000 divided into equity shares of ₹10 each. The company invited applications for issuing 60,000 shares. Applications were received for 58,000 shares.
All calls were made and were duly received except the final call of ₹3 per share on 2,000 shares. These shares were forfeited.
Prepare the Share Capital in the Balance Sheet of the Company as per Schedule III, Part-I, of the Companies Act, 2013. Also prepare Notes to Accounts for the same.