Question : Calculate the amount of second & final call when ABC Ltd, issues Equity shares of Rs. 10 each at a premium of 20%. payable on Application Rs.3. On Allotment Rs.5. On first Call Rs.2.
Option 1: Second & final call Rs. 3
Option 2: Second & final call Rs. 2
Option 3: Second & final call Rs. 1
Option 4: Second & final call Rs. 14
Correct Answer: Second & final call Rs. 2
Solution : Answer = Second & final call Rs. 2
Application = 3
Allotment = 5(3+2)
First call =2
final call =2 Hence, the correct option is 2.
Question :
The Kerala Coir Mills Ltd., with an authorised capital of 5,00,000 Equity Shares of Rs. 10 each, issued 2,00,000 Equity Shares, payable Rs. 3 on application, Rs. 2 on allotment, Rs. 3 on first call and Rs. 2 on second
Question : The Kerala Coir Mills Ltd., with an authorised capital of 5,00,000 Equity Shares of Rs. 10 each, issued 2,00,000 Equity Shares, payable Rs. 3 on application, Rs. 2 on allotment, Rs. 3 on first call and Rs. 2 on second and final call.
The
Question : Sam bhadhur Ltd. offered 20,000 Equity Shares of Rs. 10 each, of which 19,800 shares were subscribed. The amount was payable as Rs. 3 on application, Rs. 4 an allotment and balance on first call. If a shareholder holding 3,000 shares has defaulted on first call, what is the
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