When the issue of shares is done at their face value, then it is called ‘Issue at Par’, for example, if a share of ₹ 10 is issued at ₹ 100 in ₹ 10, then it is called par value. Will release. Further entries are made in this regard-
The requested capital is written in the following way –
(1) When the company has received applications from the public for less than the number of shares issued, then in such a situation the issued and requested capital are written separately in the balance sheet. .
(2) When the company has received applications from the public for shares equal to the number of issued shares, then in such a situation the issued capital becomes the requested capital and the requested capital is shown under the head Issued and Subscribed.
(3) When the company receives applications from the public for more shares than the number of shares issued, then allotment of shares is done only up to the number of shares issued. Therefore, only the issued capital
Assuming the requested capital, it is shown in the title ‘Issued and Subscribed’.