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Anthony Ltd issued 40000 equity shares of ₹20each payable as ₹5 on application ₹7 on allotment and ₹8 on final call. Company received the due amount but one shareholder holding 250 shares did not pay allotment money and another shareholder holding 150 shares failed to pay the amount due on final call. Total calls in arrears is?
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Anthony Ltd issued 40000 equity shares of ₹20each payable as ₹5 on app...
Total Calls in Arrears for Anthony Ltd

Background Information:

  • Anthony Ltd issued 40,000 equity shares of ₹20 each

  • Payment schedule: ₹5 on application, ₹7 on allotment, and ₹8 on final call

  • All payments were received except for one shareholder holding 250 shares who did not pay allotment money and another shareholder holding 150 shares who failed to pay the final call amount



Calculation:

  • Total number of shares issued: 40,000

  • Total amount received for each share:

    • Application money: ₹5

    • Allotment money: ₹7

    • Final call money: ₹8

    • Total amount received: ₹20



  • Total amount received for all shares: 40,000 x ₹20 = ₹8,00,000

  • Amount due from the shareholder who did not pay allotment money: 250 x ₹7 = ₹1,750

  • Amount due from the shareholder who failed to pay the final call amount: 150 x ₹8 = ₹1,200

  • Total calls in arrears: ₹1,750 + ₹1,200 = ₹2,950



Therefore, the total calls in arrears for Anthony Ltd is ₹2,950.
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Anthony Ltd issued 40000 equity shares of ₹20each payable as ₹5 on application ₹7 on allotment and ₹8 on final call. Company received the due amount but one shareholder holding 250 shares did not pay allotment money and another shareholder holding 150 shares failed to pay the amount due on final call. Total calls in arrears is?
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Anthony Ltd issued 40000 equity shares of ₹20each payable as ₹5 on application ₹7 on allotment and ₹8 on final call. Company received the due amount but one shareholder holding 250 shares did not pay allotment money and another shareholder holding 150 shares failed to pay the amount due on final call. Total calls in arrears is? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Anthony Ltd issued 40000 equity shares of ₹20each payable as ₹5 on application ₹7 on allotment and ₹8 on final call. Company received the due amount but one shareholder holding 250 shares did not pay allotment money and another shareholder holding 150 shares failed to pay the amount due on final call. Total calls in arrears is? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anthony Ltd issued 40000 equity shares of ₹20each payable as ₹5 on application ₹7 on allotment and ₹8 on final call. Company received the due amount but one shareholder holding 250 shares did not pay allotment money and another shareholder holding 150 shares failed to pay the amount due on final call. Total calls in arrears is?.
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