A company was registered with a nominal capital of ₹3000000 divided into shares of ₹100 each, Out of which 20000 shares were offered to the public. The amount payable was ₹30 per share on the application, ₹40 per share on the allotment, and ₹30 per share on the first and final call. 19500 shares are subscribed by the public which is allotted to them. A shareholder holding 800 shares did not pay the allotment money and further any call.

What amount will be written under the heading 'Subscribed Capital' in the notes of the share capital of the balance sheet?

₹1894000

Subscribed Capital:
Subscribed and fully paid up capital= (19500-800)18700 Shares X 100= ₹1870000
Subscribed but not fully paid up capital=
                                 Called up capital= 800 shares X 100= ₹80000
                            Less: Calls in arrear= 800 shares X 70   =₹56000
                                                                             Total   =₹24000
So, Total subscribed capital = 1870000 + 24000 = ₹1894000