Read the following information about the company and answer the following question.
Subscribed and fully paid-up capital is 35,500 equity shares of ₹100 each.
Subscribed but not fully paid-up capital is 500 equity shares of ₹100 each fully called up on which ₹20 is unpaid.
Out of 500 shares, 200 shares are forfeited.

What amount comes under the subscribed but not fully paid-up capital in the notes to account of share capital?

₹40,000

The correct answer is option 2- ₹40,000.

Subscribed but not fully paid-up capital
300 equity shares of Rs. 100 each fully called up            30,000
Less: Calls-in-arrears
         (300×20)                                                                 6,000
                                                                                
Add: Share forfeiture A/c
        (200 shares × Rs. 80)                                             16,000 
Balance                                                                        = 30,000 - 6,000 + 16,000
                                                                                    = 40,000