question_answer

A Company has issued 10,000 equity shares of Rs.10 each and it has called the total nominal Value. It has received the total amount, except that on 500 equity shares on which it has not received the final call of Rs. 3. How will these 500 equity shares be shown in the balance sheet of the company?

Answer:

It will be shown in the balance sheet as subscribed capital but not fully paid up.