Question

Krishan Ltd has Issued Capital of 20,00,000 Equity shares of ₹10 each. Till Date ₹8 per share have been called up and the entire amount received except calls of ₹4 per share on 800 shares and ₹3 per share from another holder who held 500 shares. What will be amount appearing as ‘Subscribed but not fully paid capital’ in the balance sheet of the company?

पर्याय

• ₹2,00,00,000

• ₹1,95,99,000

• ₹1,59,95,300

• ₹1,99,95,300

Answer 1

₹1,59,95,300

Explanation:

Total Called-Up Capital

Total Issued Shares: 20,00,000

Amount Called-up per Share: ₹8

Total Called-Up Capital: 20,00,000 shares * ₹8/share = ₹1,60,00,000

Total Unpaid Calls

Shareholder 1: 800 shares × ₹4/share = ₹3,200

Shareholder 2: 500 shares × ₹3/share = ₹1,500

Total Unpaid Calls:

= ₹3,200 + ₹1,500 

= ₹4,700

Subscribed but not fully paid capital:

Total Called-Up Capital − Total Unpaid Calls

= ₹1,60,00,000 − ₹4,700 

= ₹1,59,95,300