Question

The subscribed share capital of Mukand Ltd. is Rs
1,00,00,000 of Rs 100 each. There were no calls in
arrear till the final call was made. The final call made
was paid on 97,500 shares. The calls in arrear
amounted to Rs 87,500. The final call on share ?
ut of
estion
a. Rs 20
b. Rs 25
C. Rs 35
d. Rs 45​

Answer 1

Answer:

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Explanation:

The shares subscribed by the public are 1,60,000 at Rs 100 each

The shares after the final call 1,55,000.

Sharesforcall−in−arrear=Sharessubscribed−Sharesafterfinalcall

Substitute the values in above equation

Sharesforcall−in−arrear=1,60,000shares−1,55,000shares=5,000shares

FinalCallpershare=No.ofsharesCall−in−arrearamount

Substitute the values in above equation

FinalCallpershare=5,000sharesRs1,25,000=Rs25