Question

(14) Ashok a shareholder of a company allotted shares to whom 12,000 of 100 each, failed to pay allotment 3 30 per share and first & final call 330 per share. Ashok had paid only application money. Pro-rata allotment proportion is 5:6. What will be the amount of calls-in arrears on allotment, from the following: (a) 3,60,000 (b) 2,64,000 (c) 96,000 (d) None of these​

Answer 1

Answer:

Option (b) 2,64,000 is the answer.

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