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Balance Sheet

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 October 2010 Suppose if a company is formed on 15.03.2010 & company wants to get its accounts audited for the financial year 2009-10.The authorised paid up capital of the company is suppose 10.00 lACS & the bank account was opened on 05.04.2010 .subscriber to MOA issued the cheque for the shares mentioned in MOA ON 15.03.2010 but the fund was cleared on 06.04.2010 as bank account was opened on 05.04.2010.Now in such a situation what would be the paid up capital of the company for the financial year 2009-10.
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CA Navin Jain

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CA Navin Jain (Expert)
25 October 2010 Rs. 10L and cheque in hand Rs. 10L

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