The subscribed share capital of S ltd. is Rs 1,60,00,000 of Rs 100 each. There were no calls in arrear till the final call was made. The final call made was paid on 1,55,000 shares. The calls in arrear amounted to Rs 1,25,000. The final call on share = ?

Rs 10

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Rs 15

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Rs 20

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Rs 25

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Solution

The correct option is D Rs 25
Share capital Rs. 1,60,00,000/100 each =160,000
Final call received on no of shares 1,55,000 shares
No. of shares bon which call money not received = 1,60,000 -1,55,000
= 5,000
Amount of calls in arrears Rs. 1,25,000
Call money = 1,25,000/ 5,000
= Rs. 25.

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The subscribed share capital of S ltd. is Rs 1,60,00,000 of Rs 100 each. There were no calls in arrear till the final call was made. The final call made was paid on 1,55,000 shares. The calls in arrear amounted to Rs 1,25,000. The final call on share = ?

The correct option is D Rs 25Share capital Rs. 1,60,00,000/100 each =160,000Final call received on no of shares 1,55,000 sharesNo. of shares bon which call money not received = 1,60,000 -1,55,000 = 5,000 Amount of calls in arrears Rs. 1,25,000 Call money = 1,25,000/ 5,000 = Rs. 25.

The correct option is D Rs 25
Share capital Rs. 1,60,00,000/100 each =160,000
Final call received on no of shares 1,55,000 shares
No. of shares bon which call money not received = 1,60,000 -1,55,000
= 5,000
Amount of calls in arrears Rs. 1,25,000
Call money = 1,25,000/ 5,000
= Rs. 25.