I only have 2 minutes to solve the question Sohar logistics...
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Accounting
I only have 2 minutes to solve the question
Sohar logistics company has registered its capital as OMR 3,000,000 divided into 3,000,000 shares of OMR 1 each. During the year 2018, it issued 2,000,000 shares of OMR 1 each to the public for subscription. 80% of the issued shares was subscribed by the public. The company called up for all the allotted shares in full. There was a failure of payment of call money from a shareholder holding 3,000 shares. Calculate the amount of Paid up capital of the business. a. None of the options b. OMR 1,597,000 c. OMR 1,600,000 d. OMR 2,000,000
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