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A company has 2,00,000 shares of Rs. 10 each with Rs. 8 called up. What is the called up capital?
ARs. 20,00,000
BRs. 4,00,000
CRs. 8,00,000
DRs. 16,00,000
Answer & Solution
Correct answer: D. Rs. 16,00,000
Called up capital is shares multiplied by the amount called per share: 2,00,000 x 8 = Rs. 16,00,000.
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