There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the options given below.

Assertion (A):  Shares subscribed on which the total nominal (face) value of the share is called-up and received by the company is shown as 'Shares Subscribed and Fully Paid-up under Subscribed Capital on the face of the Balance Sheet.
Reason (R):  Shares subscribed on which the total nominal (face) value of the share is called-up and received by the company is shown as 'Shares Subscribed but not Fully Paid-up under Subscribed Capital in the Note to Account on Share Capital.

Both Assertion (A) and Reason (R) are not correct.

The correct answer is option 4- Assertion and reason both are incorrect.

Assertion is incorrect because subscribed and fullpaid up capital will be shown in the notes to account not balance sheet. In balance sheet last final amount will be shown.

Reason is also incorrect because subscribed and fullpaid capital will be shown under the head 'subscribed and fullpaid capital' not under the head 'subscribed and not fullpaid up capital'.

This may be noted that the information of shareholders funds are presented on the face of financial statements limited only to broad and significant items. Details are given in Notes to Accounts.
* For each class of share capital: i) The number and amount of share authorised. ii) The number of shares issued, subscibed, fully paid and subscribed but not fully paid. iii) Par value per share. iv) Reconciliation of the number of shares outstanding at the beginning and end of the accounting period. v) Rights, preferences and restrictions attaching each class of shares including restrictions on the distribution of dividends and repayment of capital. vi) Aggregate number of shares with respect to each class in the company held by its holding company, its ultimate holding company including shares held by or by subsidiaries or associates of the holding company or the ultimate holding company. vii) Shares reserved for issue under options and contracts/ commitments for the sale of shares/disinvestment, including terms and amount. viii) For a period of 5 years immediately proceeding the date at which balance sheet in prepared for: (a) Shares reserved under contracts/commitments. (b) Number and class of shares bought back. (c) Number and class of shares allotted for consideration other than cash and bonus shares.