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 amount of money received on first call?
Option 1: Rs 9,000
Option 2: Rs 50,400
Option 3: Rs 59,100
Option 4: Rs 60,900
Answer (1)
25th Jan, 2024
Correct Answer: Rs 50,400
Solution : Answer = Rs 50,400
Amount dev on first call =
(19800 shares) ( share @3) = 59400
(-) Call-in- arrears = (9000)
(3000 x 3)
Amount Received =
50400
Hence, the correct option is 2.
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