Xansa Ltd. offered 22,000 equity shares of Rs.  100 each to the public at a premium of Rs.  20 per share. The amount per share was payable as Rs.  30 on application; Rs.  50 (including premium) on allotment; and the balance on first and final call. 20,000 shares were subscribed by the public. All calls were made. A shareholder holding 1,000 shares failed to pay the first and final call money. His shares were forfeited. Show ‘Share Capital’ in the Balance Sheet of Xansa Ltd. Also, prepare ‘Notes to Accounts’.

Marks-3, CBSE:2016-17/Comp-DL/Q-9