Kansa Ltd., offered 32,000 equity of Rs. 100 each to the public at a premium of Rs. 20 per share. The amount was payable as : Rs. 20 on application, Rs. 40 (including premium) on allotment, and the balance on first and final call. 30,000 shares were subscribed by the public. All the money was duly received except from a shareholder holding 4,000 shares who failed to pay the first and final call money. His shares were forfeited. Show 'Share Capital' in the Balance Sheet of Kansa Ltd. Also prepare 'Notes to Accounts'.

Explanation