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.