Read the following passage and answer the question.

A company was registered with a nominal capital of ₹30,00,000 divided into shares of ₹100 each, Out of which 20,000 shares were offered to the public. The amount payable was ₹30 per share on the application, ₹40 per share on the allotment, and ₹30 per share on the first and final call. 19,500 shares are subscribed by the public which is allotted to them. A shareholder holding 800 shares did not pay the allotment money and further any call.

What is the amount of calls in arrears account?

₹56,000

The correct answer is option 4- ₹56,000.

 A shareholder holding 800 shares did not pay the allotment money and further any call.

Calls in arrear is on 800 shares
Allotment money = 800 x 40
                            = 32,000

Final call money = 800 x 30
                          = 24,000

Total call on arrears = 32,000 + 24,000
                                = ₹56,000