Question

2 points
(A) Suppose Harsh is a
shareholder in a company
holding 500 shares of Rs. 10
each on which he has already
paid Rs.8 per share. His liability
in the event of losses or
company failure to pay debts
can be only up to
O (i) Rs 4000
O (ii) Rs 5000
O (iii) Rs 1000
O (iv) Rs 2000​

Answer 1

Answer:

5000 rupees

Explanation:

B option

is correct

Answer 2

Answer:

Option (b) is correct.

Explanation:

In this question, we have to describe the liability of Harsh in case of loss. In the question, it is given that Harsh purchased 500 shares at 10 per share but till the date he pay 8 per share. So from this information we have to calculate the liability of Harsh. In the case the liability of Harsh is equal to the amount of the share Harsh has bought. In the question it is given that Harsh bought shares of amount 5,000. Hence, in this case the liability of Harsh is 5,000 because the amount is not due but payable in future hence, his liability is 5,000.

Hence, option (b) is correct.

Option (a) is not correct because it is not the correct amount.

Option (c) is not correct because it is not the correct amount.

Option (d) is not correct because it is not the correct amount.

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