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    Question

    W Ltd. issued 8,000 shares of Rs.10 each at per. Amount

    called up Rs.4 on application, Rs.3 on allotment and Rs.3 on first and final call. Mr. R, a shareholder holding 500 shares did not pay allotment money. Amount received on allotment will be Rs.________.
    A Rs. 21,500 Correct Answer Incorrect Answer
    B Rs. 20,000 Correct Answer Incorrect Answer
    C Rs. 22,500 Correct Answer Incorrect Answer
    D Rs. 19,500 Correct Answer Incorrect Answer
    E Rs. 19,000 Correct Answer Incorrect Answer

    Solution

    (8000 Shares – 500 Shares) * 3 = 22,500

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