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    Question

    B Ltd. issued equity shares of Rs.10 each at 10%

    premium; all shares were issued and subscribed. Amount called up: - On application Rs.3 each, on allotment Rs.2, Rs.3 on first call and Rs. 2 on final call. Mr. A, a holder of 200 shares paid entire money on allotment. At the time of receiving the money of “Calls in Advance” A/c will be credited with Rs. ________
    A Rs. 1,000 Correct Answer Incorrect Answer
    B Rs. 1,100 Correct Answer Incorrect Answer
    C Rs. 1,900 Correct Answer Incorrect Answer
    D Rs. 1,800 Correct Answer Incorrect Answer
    E Rs. 2,000 Correct Answer Incorrect Answer

    Solution

    200 shares * 5 (Call money) = Rs. 1000

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