Question

ltd. issued 15,000 shares of Rs.10 each. The amount on these shares was payable as Rs. 4 on

application,Rs.3 on allotment and Rs,3 on first call. All the amounts were duly received but a shareholder

holding 700 shares failed to pay first call money and his shares were forfeited. The total of balance sheet

will be:

(a) Rs 2,47,900

(b) Rs 1,87,900

(c) Rs 1,50,000

(d) Rs 1,47,900​

Answer 1

D) ₹ 1,47,900 is the answer as 700*10