Star Ltd. is registered with capital of Rs. 50,00,000 divided into 50,000 equity shares of Rs. 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 Rs. 20 per share on 600 shares. Show the 'Share Capital' in the Balance Sheet of the company.

Answer

Subscribed Capital-Rs. 23,63,000.

Explanation

Note: Problems related to Disclosure of Share Capital in company's Balance Sheet are also given under the head issue of shares at par and at premium.