CA CPT June 2018 Question Paper Fundamentals of Accounting for online practice

A company has issued 50,000 equity shares of Rs. 10 each at a premium of 15% payable as Rs. 3 on application, Rs. 6.50 on allotment (including premium) and Rs. 2 on call . Applications were received for 75,000 shares and pro-rata allotment was made . All the calls were made by the company and the amount was duly received except allotment and call money from a shareholder who applied for 1,200 shares. Calculate the calls in arrears.