MUSCAT SAOG has registered its capital as 5,000,000 divided into 5,000,000 shares of OMR 1 each. The company offered 3,000,000 shares of OMR 1 each to the public for subscription. The company received 90% of issued shares from the applicants. The company called up OMR 0.700 baisa. The company received the entire amount.

ANSWER QUESTION NO. 1 TO 5

What will be the Called up capital of the Company?

a.

OMR 3,000,000

b.

OMR 2,100,000

c.

OMR 1,890,000

d.

OMR 300,000

What will be the Issued Capital of the Company?

a.

OMR 3,000,000

b.

OMR 2,700,000

c.

OMR 2,000,000

d.

OMR 5,000,000

What will be the Subscribed capital of the Company?

a.

OMR 3,000,000

b.

OMR 300,000

c.

OMR 4,500,000

d.

OMR 2,700,000

Paid up capital of the Company to be shown in the statement of financial position is

a.

OMR 3,000,000

b.

OMR 2,700,000

c.

OMR 300,000

d.

OMR 1,890,000

What will be the Calls in arrears of the company to be shown in the statement of financial position?

a.

OMR 900,000

b.

OMR 300,000

c.

OMR 2,000,000

d.

OMR 0