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The subscribed share capital of S ltd. is Rs 1,60,00,000 of Rs 100 each. There were no calls in arrear till the final call
The subscribed share capital of S ltd. is Rs 1,60,00,000 of Rs 100 each. There were no calls in arrear till the final call was made. The final call made was paid on 1,55,000 shares. The calls in arrear amounted to Rs 1,25,000. The final call on share = ? A B C D Rs 10 Rs 15 Rs 20 Rs 25
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Correct option is D The shares subscribed by the public are 1 60 000 at Rs 100 each The s...
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
