Question

‘Subscribed but not fully paid-up’ capital will be:

• A. 48,500
• B. Nil
• C. 51,500
• D. 70,000

Hint:

Once shares are forfeited, they are removed from "Subscribed but not fully paid-up" capital category.

Answer 1

The Correct Option is B

Bhola's 5,000 shares were forfeited due to non-payment of calls. Hence, they no longer count under subscribed capital. All remaining shares are fully paid up. \(\Rightarrow\) There is no unpaid amount on any subscribed share.