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Rs. 8 per share is called on 2,00,000 shares. Calls in arrears are Rs. 6,000. Paid up capital?
ARs. 15,94,000
BRs. 16,06,000
CRs. 14,00,000
DRs. 16,00,000
Answer & Solution
Correct answer: A. Rs. 15,94,000
Called up is Rs. 16,00,000; subtracting the Rs. 6,000 unpaid leaves Rs. 15,94,000 actually received.
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