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A company is registered with an authoris...

A company is registered with an authorised capital of 1,25,000 Equity Shares of Rs. 10 each. The company offered 80,000 Equity Shares to the public for subscription payable as follows: 25% on application, 25% on allotment, 25% on first call, the balance on final call.
Applications were received for 75,000 shares.
The company duly allotted these shares. It made only the first call by 31 st March, 2019. The first call money was received on all the shares except 300 Equity Shares.
What is the Company's: (i) Authorised Share Capital, (ii) Issued Share Capital, (iii) Subscribed Share Capital, and (iv) Calls-in-Arrears?

Text Solution

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(i) Rs. 12,50,000 `" "` (ii) Rs. 8,00,000 `" "` (iii) Rs. 5,61,750 `" "` (iv) Rs. 750
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