4 Porcupine Energy Ltd offered 1,00,000 Equity Shares of ₹10 each, of which 98,000 shares were subscribed. The amount was payable as ₹3 on application, ₹4 an allotment and balance on first call. If a shareholder holding 3,000 shares has not paid the amount due on first call, what is the amount of money received on first call?
(a) ₹9,000.
(b) ₹2,85,000.
(c) ₹2,91,000.
(d) ₹3,09,000.
Answers
Answered by
2
Answer:
b)₹28,5000
=28/5000
=28/40
=28/7
Answered by
0
"(b) ₹2,85,000"
Explanation:
Application = 3
Allotment = 4
First call = 3
100000 shares were issued but only 98000 subscribed
On First call 3000 share not paid remaining share will be = 98000 - 3000
= 95000
Therefore, the amount received on First call = 95000 x 3 = 285000
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