Question

Calculate the amount of second & final call when Abhijit Ltd, issues Equity shares of ₹10 each at a premium of 40% payable on Application ₹3, On Allotment ₹5, On First Call ₹2.

(A) Second & final call ₹3.

(B) Second & final call ₹4.

(C) Second & final call ₹1.

(D) Second & final call ₹14.

Answer 1

Correct answer is: (B) Second & final call ₹4.

Explaination::