Shri Ganga Ltd. was registered with an authorised capital of ₹ $\displaystyle 7,00,000$ divided into equity shares of ₹ $\displaystyle 10$ each. It offered to the public for subscription $\displaystyle 50,000$ equity shares. The amount was payable as follows : On application : ₹ $\displaystyle 4$ per share On allotment : ₹ $\displaystyle 4$ per share On first and final call : Balance The issue was fully subscribed. All the amounts were duly received except the first and final call money on $\displaystyle 4,000$ equity shares. Show the Share Capital in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013. Also prepare 'Notes to Accounts' for the same.

Shri Ganga Ltd. BALANCE SHEET as at …….. (Extract) Particulars Note No. Amount ( `) I EQUITY AND LIABILITIES 1. Shareholders’ Funds a. Share Capital $\displaystyle 1$ $\displaystyle 4,92,000$ Notes to Accounts: Particulars Amount (`) 1. Share Capital Authorized Capital $\displaystyle 70,000$ Equity Shares of `$\displaystyle 10$ each $\displaystyle 7,00,000$ Issued Capital $\displaystyle 50,000$ Equity Shares of `$\displaystyle 10$ each $\displaystyle 5,00,000$ Subscribed Capital Subscribed and Fully Paid Up $\displaystyle 46,000$ Equity Shares of `$\displaystyle 10$ each $\displaystyle 4,60,000$ Subscribed but Not Fully Paid Up $\displaystyle 4,000$ Equity Shares of `$\displaystyle 10$ each $\displaystyle 40,000$ Less Calls in Arrears ($\displaystyle 4,000$ x $\displaystyle 2$) $\displaystyle (8,000)$ $\displaystyle 32,000$ $\displaystyle 4,92,000$