Practicing Success
The Adarsh Control Device Ltd. was registered with a nominal capital of 30000 shares of ₹10 each, Out of which 20000 shares were offered to the public. The amount payable is ₹3 per share on the application, ₹4 per share on the allotment, and ₹3 per share on the first and final call. 19000 shares are subscribed by the public which is allotted to them. All shareholder pay the full amount except a shareholder Ram who hold 1000 shares not pay the final call. |
How much amount will be written in subscribed and fully paid-up capital of the company? |
₹200000 ₹190000 ₹180000 ₹170000 |
₹180000 |
19000 Shares are subscribed by the public, out of it 1000 shares do not pay final call which means 18000 shares are fully paidup. |