Question

Submitted
Q.No.:12
Following amount 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) Rs. 3800
(b) Rs. 2800
(c) Rs. 1800
(d) Rs. 6200
Marks: 1​

Answer 1

Answer:

X's calls in arrears = 500×(2+2) = 2000

Y's calls in arrears = 400×2 = 800

total calls in arrears = 2000+800 = 2800