Question

A company subscribed capital of 80 lac shares of 100 each there are no sales in error till the final call the payement on final call was received for 77500shares thhe Amount of call in errors 67500there the amount of final calling is

Answer 1

Total no of shares : 80,00,000/100 = 80,000/-

Final calls received on no. of shares : 77,500/-

No. of Shares on which call money not received = 80000-77500 = 2500/-

Amount of calls in arrears Rs. 62500/-

Call Money = 62500/2500 = 25/-.