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Madanlal Ltd has authorised share capital of  Rs. 50,00,000 divided into 5,00,000 Equity Shares of  Rs. 10 each. It has existing issued and paid up capital of  Rs. 5,00,000. It further issued to public 1,50,000 Equity Shares at par for subscription payable as under:

 On Application:     Rs. 3
 On Allotment:     Rs. 4 and
 On Call:   Balance Amount.


The issue was fully subscribed and allotment was made to all the applicants . Call was made during the year and was duly received.
Show share capital of the company in the Balance Sheet of the Company.

Solution



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