Question

A company issued 10,000 shares of 7 10
each. Amount is payable as 7 2 on
application, * 5 on allotment and = 3 on
first and final call. A shareholder who
had 1,000 shares failed to pay allotment
and first call amount on due date. What
will be the amount received by
company against issue of shares?

Answer 1

Answer:

2000

Explanation:

The shareholder holding 1000 shares managed to pay only application money of 2 per share which amounts to a total of 2000....I don't know the currency but assuming it to be INR