Question

A company has issued 2,00,000 equity shares of ₹ 10 each and it has called the entire nominal value of the share. It has received the entire amount except final call of ₹ 3 per share on 5,000 shares. Subscribed capital will be shown as follows:

पर्याय

• Subscribed and fully paid
  2,00,000 Equity Shares of ₹ 10 each	20,00,000
  Less: Call in Arrears	15,000
  	19,85,000

• Subscribed but not fully paid
  2,00,000 Equity Shares of ₹ 10 each	20,00,000
  Less: Call in Arrears	15,000
  	19,85,000

• Subscribed and fully paid
  1,95,000 Equity Shares of ₹ 10 each		19,50,000
  Subscribed but not fully paid 5,000 Equity Shares of ₹ 10 each	50,000
  Less: Call in Arrears	15,000	35,000
  		19,85,000

• Can be shown as (2) or as (3)

Answer 1

Can be shown as (2) or as (3)

Explanation:

Since the company has called up the full amount of ₹ 10 per share but hasn’t received ₹ 3 on 5,000 shares, there is a Call in Arrears of ₹ 15,000. This means the shares are not fully paid. It can be shown either as:

(2) Subscribed but not fully paid, or

(3) A split of fully paid and not fully paid shared.