Practicing Success
A Ltd has 10,00000 authorised share capital. They issued 5,000 shares of Rs 100 each. Applications were received for 4500 shares. Company accepted these applications and allotted shares to them. How much amount will be shown in the companies Balance Sheet as paid up Share Capital? |
₹10,00,000 ₹5,00,000 ₹4,50,000 None of these |
₹4,50,000 |
The paid-up share capital is the portion of the authorized share capital for which the company has received payment from the shareholders. |