Question

Following amounts were payable on issue of shares by a company : Rs.3 on application , Rs.3 on allotment , Rs.2 on first call and Rs.2 on final call . X holding 500 shares paid only application and allotment money whereas Y holding 400 shares did not pay final call . Amount of calls in arrear will be: *

(A.) 3,800
(B.) 2,800
(C.) 1,800
(D.) 6,200​

Answer 1

Answer:

amount of calls in arrear = 2000+800=2800

Answer 2

Amount of calls in arrear will be

(B) 2,800