The subscribed share capital of S Ltd. is $R s . 80, 00, 000$ of $R s . 100$ each. There were no calls-in-arrear till the final call was made. The final call made was paid on $77, 500$ shares. The calls-in-arrear amounted to $R s . 75, 000$ . The final call per share is _____________.

R s . 25

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R s . 30

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R s . 20

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R s . 15

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Solution

The correct option is D $R s . 30$
As given in the question:
Subscribed share capital = Rs. 80,00,000
The final call is paid on 77,500 shares
Amount of calls in arrears = Rs. 75,000

The number of shares = $\frac{S h a r e C a p i t a l}{F a c e V a l u e p e r s h a r e}$
= $\frac{80, 00, 000}{100}$
= 80,000 shares
The final call was paid on 77500 shares, which means calls in arrear were on= 80000 - 77500
= 2500 shares
The amount of calls in arrear = Rs. 75000
Thus, Final call money per share = $\frac{A m o u n t o f c a l l s i n a r r e a r s}{N u m b e r o f s h a r e s o n w h i c h a m o u n t i s u n p a i d}$
= $\frac{75000}{2500}$
= Rs. 30
Thus, the correct option is B.

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