XYZ Ltd. issued 10,000 equity share of 100 each payable as follows: Rs. 20 on the application, Rs. 20 on the allotment, Rs. 30 on first call and Rs. 30 on the second and final call. 10,000 shares were applied and allotted. Mr. A holding 100 shares couldn't pay both calls. The shares are forfeited. What is the total amount balance in Calls in Arrear A/c?

XYZ Ltd. issued 10,000 equity share of 100 each payable as follows: Rs

1.	XYZ Ltd. issued 10,000 equity share of 100 each payable as follows: Rs. 20 on the application, Rs. 20 on the allotment, Rs. 30 on first call and Rs. 30 on the second and final call. 10,000 shares were applied and allotted. Mr. A holding 100 shares couldn't pay both calls. The shares are forfeited. What is the total amount balance in Calls in Arrear A/c?
Answer» XYZ Ltd. issued 10,000 equity share of 100 each payable as follows: Rs. 20 on the application, Rs. 20 on the allotment, Rs. 30 on first call and Rs. 30 on the second and final call. 10,000 shares were applied and allotted. Mr. A holding 100 shares couldn't pay both calls. The shares are forfeited. What is the total amount balance in Calls in Arrear A/c?

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