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I only have 2 minutes to solve the question Sohar logistics company has registered its capital as OMR 3,000,000 divided into 3,000,000 shares of OMR
I only have 2 minutes to solve the question
Sohar logistics company has registered its capital as OMR 3,000,000 divided into 3,000,000 shares of OMR 1 each. During the year 2018, it issued 2,000,000 shares of OMR 1 each to the public for subscription. 80% of the issued shares was subscribed by the public. The company called up for all the allotted shares in full. There was a failure of payment of call money from a shareholder holding 3,000 shares. Calculate the amount of Paid up capital of the business. a. None of the options b. OMR 1,597,000 c. OMR 1,600,000 d. OMR 2,000,000 Step by Step Solution
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