Shri Ganga Ltd. was registered with an authorised capital of ₹ 7,00,000 divided into equity shares of ₹ 10 each. It offered to the public for…

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 $\displaystyle 2$) $\displaystyle (8,000)$ $\displaystyle 32,000$ $\displaystyle 4,92,000$