Q. Following amounts were payable on issue of shares by a Company : ₹3 on application, ₹3 on allotment. ₹2 on lirst call and ₹2 on final call. X holding 500 shares paid only application and allotment money whereas Y holding 400 shares did not pay final call. Amount of calls in arrear will be :
  • (A) ₹6,200
  • (B) ₹1,800
  • (C) ₹2,800
  • (D) ₹3,800
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✅ Correct Answer: (C) ₹2,800

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