12th Class
Accountancy
Accounting For Share Capital
Question Bank
MCQs - Accounting for Share Capital
question_answer
Mother Ltd. invited application for 70,000 shares @ 30 each at par and received applications for only 68,000 shares. All calls were made and duly received except the final call of Rs.10 per share on 5,000 shares. These shares were forfeited. Amount of Share Capital to be shown in the Balance Sheet: