question_answer

Rishi Ltd. was registered with a capital of Rs.3,00,000 in Equity Shares of Rs.100 each. It issued 2,000 of such shares payable Rs.25 per share on application; Rs.25 on allotment; Rs.20 on first call; and the balance as and when required. All amounts payable on application and allotments were duly received but company could not call the first call money till 31.03.2021. Total amount to be received by the company till 31.03.2021 is:

A) 50,000

B) 1,00,000

C) 75,000

D) 1,50,000