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Question : Ajmer Limited Company issued equity shares of Rs.200 each. It has called up Rs.65 on each share but received only Rs.60 per share. The share capital account will be credited with:

Option 1: Rs.65 per share

Option 2: Rs.100 per share

Option 3: Rs.70 per share

Option 4: None of these


Team Careers360 7th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Rs.65 per share


Solution : Share Capital Account will be credited with the amount called up Rs.65 per share. Hence, the correct option is 1.

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