From the following details calculate authorised capital, issued, subscribed, called – up and paid – up share capital and also calls in arrears and uncalled capital.

            Pankaj Ltd. Was formed with capital of Rs. 5,00,000 divided into 5000 shares of Rs. 100 each. Of these 1000 shares were issued to the vendor as fully paid in payment of purchase of machinery. 3,000 shares were offered to the public and of these 2,500 shares were applied and allotted. Rs. 10 were payable on application and Rs. 25 on allotment. The balance was yet to be called. All the money called up was duly received with the exception of allotment money on 300 shares.

Solution:
Particulars
Amount
Amount
Authorised Share Capital:

500000
5000 shares of Rs. 100 each


Issued Share Capital:

400000
1000 + 3000 shares of Rs. 100 each


Subscribed Share Capital:

350000
1000 + 2500 shares of Rs. 100 each


Called – up share capital:


1000 shares of Rs. 100 each
100000

2500 shares of Rs. 35 each
87500
187500
Paid – up share capital:


1000 shares of Rs. 100 each
100000

2500 shares of Rs. 35 each
87500


187500

(-) 300 shares of Rs. 25
(7500)
180000
Calls – in arrears 300 shares of Rs. 25

(7500)
Uncalled share capital 2,500 shares of Rs. 65 each

162500

Balance Sheet as on 31 st March ……………

Liabilities
Amount
Amount
Assets
Amount
Amount
Authorised Share Capital:


Cash at Bank

180000
5000 shares of Rs. 100 each
500000




Issued Share Capital:





4000 shares of Rs. 100 each
400000




Subscribed Share Capital:





3500 shares of Rs. 100 each
350000




Called up share capital





1000 shares of Rs. 100 each as fully paid

100000



2500 shares of Rs. 100 each Rs. 35 per share called up
87500




Less: Calls – in – arrears 300 shares of Rs. 25
(7500)
80,000



Paid up Capital :

180000


180000