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:

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KollegeApply · Accepted Answer

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.

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