Question

Bawa Ltd. Has issued capital of 20,00,000. Equity Shares of Rs. 10 each. Till date Rs. 8 per share have been called-up and the entire amount received except calls of Rs. 4 per share on 800 shares and Rs. 3 per share from another holder who held 500 shares. What will be amount appearing as ‘Subscribed’ but not fully paid capital in the Balance Sheet of the company? (a) Rs. 2,00,00,000 (b) Rs. 1,95,99,000 (c) Rs. 1,59,95,300 (d) Rs. 1,99,95,300

Answer 1

Answer:

c

Explanation:

called up value is 8

• app=20,00,000 × 1

• alt=(20,00,000 - 800)×4

• 1st call=(20,00,000 - 500)×3
• =>1,59,95,300