question_answer

Rishi Ltd. issued 50,000 equity share of Rs.100 each payable as: 30 on application; 20 on allotment; and balance in two equal instalments. The company did not make the final call yet. All the amount received, Except on the first call on 5000 shares. Subscribed but not fully paid up capital will be:

A) 37,50,000

B) 36,25,000

C) 2,75,000 

D) 3,75,000