Question

8. A Company issued 20,000 equity shares of 10 each payable as 3 on application, 3 on allotment, 2
on 1 Call and the balance on Final Call. Nandu, to whom 1000 shares were allotted failed to pay allotment
and calls. Yashodha who was allotted 600 shares paid till allotment only. Zahraa who held 400 shares, paid
the I call money along with allotment and did not pay anything after that. What will be the amount of
Share Capital in the Balance Sheet?
(1)
1. 2,00,000
II. < 1,80,000
III. 1,89,800
iv. *1,89,000​

Answer 1

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