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Accountancy · 2026 · 1 mark

CBSE 2026 · Region 1 · Set 3 · Q8

Surya Ltd. issued 50,000 equity shares of ₹ 10 each. The amount was payable as follows: on Application - ₹ 3 per share on Allotment - ₹ 2 per share…

Surya Ltd. issued $\displaystyle 50{,}000$ equity shares of ₹ $\displaystyle 10$ each. The amount was payable as follows : on Application - ₹ $\displaystyle 3$ per share on Allotment - ₹ $\displaystyle 2$ per share on First and Final Call - the balance Usha, to whom $\displaystyle 700$ shares were allotted, paid her entire share money on allotment. Raj, to whom $\displaystyle 300$ shares were allotted did not pay the first and final call. The amount to be debited to Bank Account for first and final call after it becomes due will be :
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