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CA CPT June 2018 Question Paper Fundamentals of Accounting for online practice

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Question : 50

Total: 53

A company has issued 50,000 equity shares of Rs. 10 each at a premium of 15% payable as Rs. 3 on application, Rs. 6.50 on allotment (including premium) and Rs. 2 on call . Applications were received for 75,000 shares and pro-rata allotment was made . All the calls were made by the company and the amount was duly received except allotment and call money from a shareholder who applied for 1,200 shares. Calculate the calls in arrears.

Rs. 5,600
Rs. 4,400
Rs. 8,400
Rs. 4,000

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