Question

chryasa 6 no Ltd invited applications for 25000 equity shares of ruppes 10 each payable as rupees 3 on application rupees 4 on Allotment rupees 3 on first 6 final call All application were received exccept first and final call on 500 equity shares enter the above transaction in the books of company account subject please answer me
​

Answer 1

Answer:

thanks for the points pr please bura mt manha mera khass mood nhi answer dene ka

Answer 2

Answer:

The first step is to find the call-in-arrear which is the amount that is not paid by the shareholders when called up by the company.

Calls−in−arrear=AmountnotpaidbyMr.X+AmountnotpaidbyMr.Y

Substitute values in the above equation

Calls−in−arrear=4000shares×Rs6+1000shares×Rs2

=Rs26,000

Subscribed capital is that part of issued capital which is formulated with deductions of the amount to be paid yet.

SubscribedCapital=Capitalsubsribedbypublic−Callsinarrear

Substitute values in the above equation

SubscribedCapital=Rs40,00,000−Rs26,000

=Rs39,74,000

Hence, the subscribed capital to be shown in balance sheet isRs39,74,000