Accountancy > Accounting For Companies > Financial Statements Of A Company
Read the following hypothetical situation and answer the question:
Nisha Ltd. was registered with a capital of ₹6,00,000 in shares of ₹100 each. It issued 4,000 shares. The amount was payable as follows: On Application ₹30 per share, On Allotment ₹30 per share, On First and Final Call - Balance. The issue was fully subscribed and all amounts payable on application and allotment were duly received. Amit, a shareholder, failed to pay first and final call of ₹40 per share on his 200 shares.
Calls in arrears of Nisha Ltd. will be:
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