bland -2 CBSE SAMPLE QUESTION PAPER (TERM - 1) 2021-22 3. ambrish Ltd.offered 2,00,000 Equity shares of ₹10 each , of these 1,98,000 shares were subscribed.the amount was payable as ₹3 on application ,₹4an allotment and balance on first call .if a shareholder holding 3,000shares has default ed on first call, what is the amount of money received on first call
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Answer:
Correct option is (B) ₹5,85,000.
Explanation:
shares first call to shares capital = 1,98,000 shares @ ₹3 each
= 1,98,000 x 3
= 5,94,000
amount defaulted = 3000 shares @ ₹3 per share
= 3000 x 3
= ₹9,000
amount of money received on first call = ₹5,94,000 - ₹9,000 = 5,85,000
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