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