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Anthony limited issue 40000 equity share of rupees 20 each payable as rupees 5 on application rupees 7 on allotment and rupees 8on final call .company received the due amount but one shareholder holding to 250 share did not pay the allotment money and other shareholder holding 150 share failed to pay the amount due on the final call. total amount of call in aerial is?
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Anthony limited issue 40000 equity share of rupees 20 each payable as ...
Total amount of call in arrears
The total amount of call in arrears can be calculated by adding up the unpaid amounts for both allotment and final call.
Unpaid allotment amount
One shareholder holding 250 shares did not pay the allotment money of Rs. 7 per share. Therefore, the total amount of allotment money in arrears is:
250 shares x Rs. 7 per share = Rs. 1,750
Unpaid final call amount
Another shareholder holding 150 shares failed to pay the final call amount of Rs. 8 per share. Therefore, the total amount of final call money in arrears is:
150 shares x Rs. 8 per share = Rs. 1,200
Total amount of call in arrears
To calculate the total amount of call in arrears, we simply add up the unpaid allotment amount and unpaid final call amount:
Rs. 1,750 + Rs. 1,200 = Rs. 2,950
Explanation
Anthony limited issued 40,000 equity shares of Rs. 20 each. The total amount raised through the issue was Rs. 8,00,000 (40,000 shares x Rs. 20 per share). The shares were issued at a premium of Rs. 5 per share. Therefore, the total amount payable on each share was Rs. 25.
The company received the due amount for all the shares issued. The shareholders were required to pay the amount in three installments - Rs. 5 on application, Rs. 7 on allotment, and Rs. 8 on final call.
However, one shareholder holding 250 shares did not pay the allotment money, and another shareholder holding 150 shares failed to pay the amount due on the final call.
Therefore, the total amount of call in arrears is Rs. 2,950 (Rs. 1,750 for unpaid allotment amount and Rs. 1,200 for unpaid final call amount).
In summary, the company issued 40,000 equity shares of Rs. 20 each at a premium of Rs. 5 per share, raising a total amount of Rs. 8,00,000. The shareholders were required to pay the amount in three installments - Rs. 5 on application, Rs. 7 on allotment, and Rs. 8 on final call. However, two shareholders failed to pay the required amount, resulting in a total call in arrears of Rs. 2,950.
The total amount of call in arrears can be calculated by adding up the unpaid amounts for both allotment and final call.
Unpaid allotment amount
One shareholder holding 250 shares did not pay the allotment money of Rs. 7 per share. Therefore, the total amount of allotment money in arrears is:
250 shares x Rs. 7 per share = Rs. 1,750
Unpaid final call amount
Another shareholder holding 150 shares failed to pay the final call amount of Rs. 8 per share. Therefore, the total amount of final call money in arrears is:
150 shares x Rs. 8 per share = Rs. 1,200
Total amount of call in arrears
To calculate the total amount of call in arrears, we simply add up the unpaid allotment amount and unpaid final call amount:
Rs. 1,750 + Rs. 1,200 = Rs. 2,950
Explanation
Anthony limited issued 40,000 equity shares of Rs. 20 each. The total amount raised through the issue was Rs. 8,00,000 (40,000 shares x Rs. 20 per share). The shares were issued at a premium of Rs. 5 per share. Therefore, the total amount payable on each share was Rs. 25.
The company received the due amount for all the shares issued. The shareholders were required to pay the amount in three installments - Rs. 5 on application, Rs. 7 on allotment, and Rs. 8 on final call.
However, one shareholder holding 250 shares did not pay the allotment money, and another shareholder holding 150 shares failed to pay the amount due on the final call.
Therefore, the total amount of call in arrears is Rs. 2,950 (Rs. 1,750 for unpaid allotment amount and Rs. 1,200 for unpaid final call amount).
In summary, the company issued 40,000 equity shares of Rs. 20 each at a premium of Rs. 5 per share, raising a total amount of Rs. 8,00,000. The shareholders were required to pay the amount in three installments - Rs. 5 on application, Rs. 7 on allotment, and Rs. 8 on final call. However, two shareholders failed to pay the required amount, resulting in a total call in arrears of Rs. 2,950.
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Anthony limited issue 40000 equity share of rupees 20 each payable as rupees 5 on application rupees 7 on allotment and rupees 8on final call .company received the due amount but one shareholder holding to 250 share did not pay the allotment money and other shareholder holding 150 share failed to pay the amount due on the final call. total amount of call in aerial is?
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Anthony limited issue 40000 equity share of rupees 20 each payable as rupees 5 on application rupees 7 on allotment and rupees 8on final call .company received the due amount but one shareholder holding to 250 share did not pay the allotment money and other shareholder holding 150 share failed to pay the amount due on the final call. total amount of call in aerial 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 limited issue 40000 equity share of rupees 20 each payable as rupees 5 on application rupees 7 on allotment and rupees 8on final call .company received the due amount but one shareholder holding to 250 share did not pay the allotment money and other shareholder holding 150 share failed to pay the amount due on the final call. total amount of call in aerial is? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anthony limited issue 40000 equity share of rupees 20 each payable as rupees 5 on application rupees 7 on allotment and rupees 8on final call .company received the due amount but one shareholder holding to 250 share did not pay the allotment money and other shareholder holding 150 share failed to pay the amount due on the final call. total amount of call in aerial is?.
Anthony limited issue 40000 equity share of rupees 20 each payable as rupees 5 on application rupees 7 on allotment and rupees 8on final call .company received the due amount but one shareholder holding to 250 share did not pay the allotment money and other shareholder holding 150 share failed to pay the amount due on the final call. total amount of call in aerial 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 limited issue 40000 equity share of rupees 20 each payable as rupees 5 on application rupees 7 on allotment and rupees 8on final call .company received the due amount but one shareholder holding to 250 share did not pay the allotment money and other shareholder holding 150 share failed to pay the amount due on the final call. total amount of call in aerial is? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anthony limited issue 40000 equity share of rupees 20 each payable as rupees 5 on application rupees 7 on allotment and rupees 8on final call .company received the due amount but one shareholder holding to 250 share did not pay the allotment money and other shareholder holding 150 share failed to pay the amount due on the final call. total amount of call in aerial is?.
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