Question

The subscribed capital of a company is Rs. 80,00,000 and the nominal value of the share is Rs. 100 each There were no calls in Arrear till the final call was made, the final call made was paid on 77,500 shares only. The balance in the calls in Arrear amounted to 62,500. Calculate the final call on share.

• A. Rs. 7
• B. Rs. 20
• C. Rs. 22
• D. Rs. 25

Answer 1

The correct option is D

Rs. 25

The final call on share :

Total shares

=80,00,000/100

=80,000

Share for Calls in Arrear

=80,000-77,500

=2,500

Calls in Arrear for final call per share

=Rs. 62,500/2,500

= Rs 25