A company issued 50,000 shares of ₹20each and called up ₹16 but received only ₹10 per share. How much amount will be credited to the share capital account?

₹16 per share

The correct answer is option 1- ₹16 per share.

The amount that goes to the share capital account has nothing to do with the received amount. Called up amount will go to the share capital account. Here, called up amount is ₹16 per share. So, this amount will go to share capital account.