The directors of Zenith Ltd. made the final call of Rs.30 per share on May 15,2004,...
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The directors of Zenith Ltd. made the final call of Rs.30 per share on May 15,2004, indicating the last date of payment of call money to be May 31, 2004. Mr. B, holding 5,000 shares, paid the call money on July 15, 2004. If the company adopts Table A, the amount of interest on calls-in-arrear to be paid by Mr. F=? A Rs. 625.00 B C D Rs. 937.50 Rs. 750 Rs. 1,125.00 The directors of Zenith Ltd. made the final call of Rs.30 per share on May 15,2004, indicating the last date of payment of call money to be May 31, 2004. Mr. B, holding 5,000 shares, paid the call money on July 15, 2004. If the company adopts Table A, the amount of interest on calls-in-arrear to be paid by Mr. F=? A Rs. 625.00 B C D Rs. 937.50 Rs. 750 Rs. 1,125.00
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Intermediate Accounting
ISBN: 978-0078025839
9th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson , Wayne Thomas
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