Question : X Ltd. was formed with a capital of Rs. 10,00,000 divided into shares of Rs. 10 each. It offered 90% shares for subscription. 40% payable on application, 25% payable on allotment and the balance on final call. The applicants paid Rs. 3,60,000 on application and Rs. 1,69,000 on allotment. Final call had not yet been made. Calculate:
Question:- Subscribed Capital is ________.
Option 1: Rs. 8,50,000
Option 2: Rs. 9,00,000
Option 3: Rs. 12,00,000
Option 4: Rs. 10,80,000
Correct Answer: Rs. 9,00,000
Solution :
Answer = Rs. 9,00,000
Subscribed Capital = Rs. 9,00,000. (90% X Rs.10,00,000).




