question_answer

Papa Ltd. offered to the public for subscription 80,000 Equity Shares payable per share as: 5 on Application & Allotment; Rs.3 on First Call and Balance on Second and Final Call. The issue was fully subscribed and all amounts due were received except both calls money on 2,000 shares. These shares were forfeited. Amount of Share Capital to be shown in the Balance Sheet:

A) 7,90,000

B) 7,80,000

C) 7,60,000

D) 8,00,000