Shri Ganga Ltd. was registered with an authorised capital of Rs. 7,00,000 divided into equity shares of Rs. 10 each. It offered to the public for subscription 50,000 equity shares. The amount was payable as follows: 

 On application : Rs. 4 per share 

 On allotment : Rs. 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 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. 

Marks-4, CBSE: 2023-24/Zone-3/Set-1/Q-21