X failed to pay final call on 24,000 shares Rs.20 per share on 15.12.2013 and paid the same on 15.03.2014. What is the interest of calls in arrears.

12,000

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6,000

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6,150

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6,250

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Solution

The correct option is B 6,000
X failed to pay final call on 24,000 shares Rs.20 per { 24,0000 x 3/6 = 12,000}
Intereset of call in arrears of Rs. 12,000

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Following amounts were payable on issue of shares by a company: Rs. 3 on application, Rs. 3 on allotment, Rs. 2 on first call and Rs. 2 on final call. X holding 500 shares paid only application and allotment money whereas Y holding 400 shares did not pay final call. Amount of Calls in arrear will be :

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X failed to pay final call on 24,000 shares Rs.20 per share on 15.12.2013 and paid the same on 15.03.2014. What is the interest of calls in arrears.

The correct option is B 6,000X failed to pay final call on 24,000 shares Rs.20 per { 24,0000 x 3/6 = 12,000}Intereset of call in arrears of Rs. 12,000

The correct option is B 6,000
X failed to pay final call on 24,000 shares Rs.20 per { 24,0000 x 3/6 = 12,000}
Intereset of call in arrears of Rs. 12,000