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 on 77,500 shares. The calls in arrear amounted to Rs. 62,500. The final call per 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

Here, total number shares issued is Rs 80,00,000/Rs 100 i.e. 80,000. Final call was paid on 77,500 which makes total shares on which call was not received to 80,000-77,500 i.e. 2,500. Calls in arrears were Rs 62,500, therefore final call here will be Rs 62,500/2500 i.e. Rs 25.