A limited company issued equity shares of Rs. 100 each. It has called-up Rs. 75 on each share, but received only Rs. 60 per share. The share capital account will be credited with

In accounting, the Share Capital Account is credited with the amount called-up, not the amount actually received.

Given:
Face value = Rs. 100
Called-up amount = Rs. 75
Received amount = Rs. 60

👉 Even though only Rs. 60 is received, the company has called Rs. 75, so shareholders are liable for that full amount.

Therefore:
Share Capital Account = credited with Rs. 75 per share
The unpaid Rs. 15 (75 − 60) is shown as Calls in Arrears

Final Answer: Rs. 75 per share