Star Ltd. is registered with capital of ₹ 50,00,000 divided into 50,000 equity shares of ₹ 100 each, The Company issued 25,000 equity shares for subscription. Subscription was received for 23,750 shares and all the due amount was duly received, except the first and final call of ₹ 20 per share on 600 shares. Show the 'Share Capital' in the Balance Sheet of the company.

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Solution

In the books of Star Ltd.

An Extract of Balance Sheet

As at ……….

Particulars

Note No.

Amount
(₹)

I. Equity And Liabilities Shareholders’ Funds

Share Capital
1

23,63,000

Notes to Accounts:

Note No.

Particulars

Amount
(₹)

1. Share Capital

Authorised Capital

50,000 equity shares of ₹100 each

50,00,000

Issued Capital

25,000 shares of ₹100 each

25,00,000

Subscribed Capital

23,750 shares of ₹100 each
23,75,000

Less: Calls-in-Arrears (600 × 20)
12,000

23,63,000

23,63,000

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In the books of Star Ltd. An Extract of Balance Sheet As at ……….
Particulars	Note No.	Amount (₹)
I. Equity And Liabilities Shareholders’ Funds
Share Capital	1	23,63,000

Notes to Accounts:
Note No.	Particulars		Amount (₹)
1.	Share Capital
	Authorised Capital
	50,000 equity shares of ₹100 each		50,00,000

	Issued Capital
	25,000 shares of ₹100 each		25,00,000

	Subscribed Capital
	23,750 shares of ₹100 each	23,75,000
	Less: Calls-in-Arrears (600 × 20)	12,000	23,63,000
			23,63,000