The subscribed capital of a company is 80 00 000 and the nominal value of the share is Rs 100 each T...........

General Accounting Principles Accounting for Shares

The subscribed capital of a company is ?80,00,000 and the nominal value of the share is Rs. 100 each. There were no calls in arrear till the final call was made. The final call made was paid on,77,500 shares only. The balance in the calls in arrear amounted to Rs. 62,500. Calculate the final call on share.

?20

?22

?25

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Explanation:

Total no of shares : 80,00,000/100 = 80,000/-
Final calls received on no. of shares : 77,500/-
No. of Shares on which call money not received = 80000-77500 = 2500/-
Amount of calls in arrears Rs. 62500/-
Call Money = 62500/2500 = 25/-