Question

How much is Called up Capital?

• A. Rs 2,00,00,000
• B. Rs 1,80,00,000
• C. Rs 1,70,00,000
• D. Rs 72,00,000

Answer 1

The correct option is D Rs 72,00,000

Called up amount is the money which a company demands from its shareholders either on application, allotment or calls.

$Calledupamount=No.ofshares\times Calledupvalue$

Substitute the values in above equation

$Calledupamountonapplication=9,00,000\times 3=Rs27,00,000$

$Calledupamountonallotment$ = $9,00,000\times 3=Rs27,00,000$

$CalledupamountonIstcall=9,00,000\times 2=Rs18,00,000$

$Totalcalledupamount=Rs27,00,000+Rs27,00,000+Rs18,00,000=Rs72,00,000$

Hence, the total called up amount is Rs $72,00,000$.