SolveItNCERT · CBSE Boards
✓ Board-verified
Accountancy · 2026 · 1 mark

CBSE 2026 · Region 1 · Set 1 · Q13

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 :

More from Accounting for Share Capital

CBSE Class 12 Accountancy past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.