question_answer

X Ltd. issued 8,500 Equity shares of Rs.100 each at a premium of 5% Payable as: Rs.25 on Application; Rs.45 on Allotment (including premium) and Rs.35 on First and Final Call. The applications for 8,000 shares were received and all were accepted. All the money was duly received except the first and final call on 200 shares. Amount to be received on first & final call will be:

A) 3,43,000

B) 3,50,000

C) 2,80,000

D) 2,73,000