In what condition the amount is shown under the head of 'Subscribed and Fully Paid up Share Capital' in Balance Sheet of a Company?

If shares are fully called up and there are no Calls in Arrears

The correct answer is option 2- If shares are fully called up and there are no Calls in Arrears.

If shares are fully called up and there are no Calls in Arrears then the amount is shown under the head of 'Subscribed and Fully Paid up Share Capital' in Balance Sheet of a Company.

The amount is shown under the head 'Subscribed and Fully Paid-up Share Capital' in the Balance Sheet of a company only when the entire face value of the shares has been called up, and the shareholders have paid the full amount (i.e., no Calls in Arrears).

OTHER OPTIONS

• If shares are fully called up and there are Calls in Arrears- Not all money has been received, so the shares are not fully paid-up and shown in the subscribed and not fully paid up capital.

• If shares are partly called up and there are no Calls in Arrears- All called amount is received, but the full face value is not yet called, so not fully paid-up and shown in the subscribed and not fully paid up capital.

• If shares are partly called up and there are Calls in Arrears- Neither fully called-up nor fully paid-up. So, it is shown in the subscribed and not fully paid up capital.