A company registered with an authorized capital of 3,00,000 Equity shares of ₹10 each and issued 1,00,000 shares. It has called the total nominal value of the share and received all the amount except the final call of ₹4 on 10,000 shares. The amount received under the head "Subscribed but not fully paid up capital" would be -
Answer & explanation
Correct answer: option 4
The correct answer is option 4- ₹60,000.
Shares not fully subscribed = 10,000
Face value of share = 10
Amount not received = 4
Amount received = 10- 4
= 6
Total amount received = 10,000 x 6
= 60,000
So, ₹60,000 will be shown under the head "Subscribed but not fully paid up capital".