Company account on cpt lewel

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laji (Querist)
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21 August 2012 The subscribed share capital of S Ltd is Rs.8000000 of Rs.100 each. There were no calls in arrear till the final call was made. The final call made was paid on 77500 shares. The calls in arrear amounted to Rs. 62500. The final call on share will be?

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Guest (Expert)

22 August 2012 The final call on share will be Rs. 25/- calculated as follows:

Total no of shares (A): 80,00,000/100 = 80,000/-
Final calls received on no. of shares (B): 77,500/- (Given)
No. of Shares on which call money not received (C) = (A) - (B): 80000-77500 = 2500/-
Amount of calls in arrears (D): Rs. 62500/-
Call Money (E) = (D) / (C): 62500/2500 = 25/-