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The directors of Zenith Ltd. made the final call of Rs.30 per share on May 15,2004, indicating the last date of payment of call
The directors of Zenith Ltd. made the final call of Rs.30 per share on May 15,2004, indicating the last date of payment of call money to be May 31, 2004. Mr. B, holding 5,000 shares, paid the call money on July 15, 2004. If the company adopts Table A, the amount of interest on calls-in-arrear to be paid by Mr. F=? A Rs. 625.00 B C D Rs. 937.50 Rs. 750 Rs. 1,125.00
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
9th Edition
125972266X, 9781259722660
