Question

The subscribed share capital of S Ltd. is Rs. $80,00,000$ of Rs. $100$ each. There were no calls in arrear till the final call was made. The final call made was paid no $77,500$ shares. The calls in arrear amounted to Rs. $62,500$. The final call on share will be _____________.

• A. Rs. $25$
• B. Rs. $7.80$
• C. Rs. $20$
• D. Rs. $62.50$

Answer 1

The correct option is A Rs. $25$

Total no of shares : 80,00,000/100 = 80,000/-
Final calls received on no. of shares : 77,500/-
No. of Shares on which call money not received = 80000-77500 = 2500/-
Amount of calls in arrears Rs. 62500/-
Call Money = 62500/2500 = 25/-.