The subscribed capital of a company is ₹8000000 and the nominal value of the share is ₹100 each. There were no calls in arrears till the final call was made. The final call made was paid on 77,500 shares only. The balance in the calls in arrears amounted to ₹62500. What is the final call on share? |
₹25 ₹23 ₹22 ₹20 |
₹25 |
Total shares = ₹8000000 of ₹100 each means 8000000/100= 80000 shares |