The correct answer is Option (2) → Rs. 8
Share capital is credited with the amount the company has called up, whether or not the shareholder has paid it. The unpaid Rs. 2 is not taken off the share capital account; it is recorded as calls in arrears and deducted only when the paid-up capital is shown.
Called-up amount per share = Rs. 8
Amount credited to share capital = Rs. 8
Paid-up amount = Rs. 8 − Rs. 2 = Rs. 6
NCERT (2026-27 edition):
Categories of Share Capital – “… Called up Capital: It is that part of the subscribed capital which has been called up on the shares, i.e., what the company has asked the shareholders to pay. The company may decide to call the entire amount or part of the face value of the shares, For example, if the face value (also called nominal value) of a share allotted is Rs. 10 and the company has called up only Rs. 7 per share, in that scenario, the called up capital is Rs. 7 per share. The remaining Rs. 3 may be collected from its shareholders as and when needed. Paid up Capital: It is that portion of the called up capital which has been actually received from the shareholders. When the shareholders have paid all the called amount, the called up capital is the same to the paid up capital. If any of the shareholders has not paid amount on calls, such an amount may be called as ‘calls in arrears’. Therefore, paid up capital is equal to the called-up capital minus call in arrears.” |
