Sure! Let's break down each event and prepare the necessary accounting entries, followed by the balance sheet.
### A) Accounting Entries
1. **Receipt of Applications for 60,000 Shares:**
- Total Applications Received: 60,000 shares at Rs. 100 each = Rs. 6,000,000
- Advance Payment (50%): Rs. 3,000,000
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Date: 15 March 2020
Debit Bank Account Rs. 3,000,000
Credit Share Application Account