Farm Products Ltd. has authorised share capital of ₹ 50,00,000 divided into 5,00,000 Equity Shares of ₹ 10 each
Farm Products Ltd. has authorised share capital of ₹ 50,00,000 divided into 5,00,000 Equity Shares of ₹ 10 each. It has existing issued and paid up capital of ₹ 5,00,000. It further issued to public 1,50,000 Equity Shares at par for Subscription payable as under:
The issue was fully subscribed, and allotment was made to all the applicants. Call was made during the year and was duly received.
Show Share Capital in the Balance Sheet of the Company.
| On Application | ₹ 3 |
| On Allotment | ₹ 4, and |
| On Call | Balance Amount |
Anurag Pathak Changed status to publish August 30, 2023
existing issued and paid capital is given in ₹ 5,00,000. Thus existing issued and paid up shares are only 50,000 not 5,00,0000. It further issued 1,50,000 shares to the public. Thus total issued and paid up shares are 2,00,000. and paid capital is ₹ 20,00,000.
Wrong answer correct is 6500000