The directors of Murfi Ltd made a final call of Rs. 50 per share on 1st August, indicating the last date of payment of call money to be 31st August. Mr. Akshit holding 5,000 shares paid the call money on 15th October, if the company adopts Table A, the amount of interest on calls-in-arrears to be paid
A. Rs. 3,125
B. Rs. 1,562.50
C. Rs. 1,875
D. Rs. 1,500
Answer: Option B
This Question Belongs to Commerce >> Accounting
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