| On application | Rs. 3 per share |
| On allotment | Rs. 2 per share |
| On first and final call | The Balance |
Applications for 45,000 shares were received and shares were allotted to all the applicants. Pooja, to whom 500 shares were allotted, paid her entire share money at the time of allotment, whereas Kundan did not pay the first and final call on his 300 shares. What was the amount received at the time of making first and final call? (C.B.S.E. 2015, All India)
SOLUTION
Rs. 2.21 ,000.