Question

Q.4 Porcupine Energy Ltd offered 1,00,000 Equity Shares of ₹10 each, of which 98,000
shares were subscribed. The amount was payable as ₹3 on application, ₹4 an allotment and
balance on first call. If a shareholder holding 3,000 shares has not paid the amount due on
first call, what is the amount of money received on first call?

Answer 1

Answer:

the correct answer may be ₹9000