Question

31. IJK Ltd. issued 20,000 shares of 10 each at a premium of 20% on May 01, 2004, payable as follows: 4.50 (inclusive of premium) 2.50 5.00 On application On allotment. On first and final call Mrs. M, to whom 1,000 shares were allotted, has paid ? 5,000 on June 01, 2004. At the time of remitting the allotment money, she indicated that the excess money should be adjusted towards the call money. The directors of the company made the first and final call on October 31, 2004. The company has a policy of paying interest on calls in-advance. The amount of interest paid to Mrs. M on calls-in-advance is? (a) 62.00 (b) 52.08 (c) (d) 150.00

Answer 1

Answer:

its so tuff Qurstion

Explanation:

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Answer 2

Answer:

250

Explanation:

5000*5/12*12/100