Mamsa Nigeria Limited issued 20 000 ordinary shares of N1.50 per share on 2nd July 2002.
1500 ordinary shares were fully subscribed for and their monies received as below:

On application .........................N0.40
On allotment ...........................N0.20
First call (including premium ofN0.50)..N0.70

What is the balance of the ordinary share capital account after the first call was received?

a

N300

b

N1050

c

N1200

d

1950

Download Offline App Ask a Question

Explanation

Correct Option
c

No explanation available

Video Explanation

No video available

Post your Contribution

Share:

Discussions (0)

No comments yet

Be the first to comment

Quick Questions

Ask a Question
CO

ceoofwahala

20th June, 2026

Chemistry


2 comments

ASSAAS

20th June, 2026

English Language


5 comments

infinitehoaxx

21st May, 2026

Computer


4 comments