Question

X Ltd. issued 1,40,000 equity shares ₹10 each. During the first year, ₹7 per share were called. A holding 4,000 shares and B holding 3,000 shares did not pay the first call of 2 per share. B's shares were forfeited after the first call and later on were re-issued at 5 per share, ₹7 called up.
Subscribed but not fully paid Capital will be:

विकल्प

• ₹9,80,000

• ₹9,44,000

• ₹9,72,000

• ₹9,31,000

Answer 1

₹9,72,000

Explanation:

Subscribed but not fully Paid Capital:	₹
1,40,000 shares of ₹10 each, ₹7 Called up	9,80,000
Less: Calls in Arrears (4,000 × ₹2)	(8,000)
	9,72,000