A company issued 10,000 shares of ₹ 10 each. Amount is payable as 2 on application, 5 on allotment, and 3 on first and final call. A shareholder who had 1,000 shares failed to pay allotment and first call amount on due date. What will be amount received by the company against issue of shares? |
₹20,000 ₹92,000 ₹1,00,000 ₹80,000 |
₹92,000 |
Amount due on total shares(10,000 * 10) = ₹1,00,000 |