JAMB Accounts Principles of Accounts 2016 Paper

Concept:The final call amount is the last call per share multiplied by the total number of shares issued.Explanation:Total shares issued = $450,000$ shares.Final call per share = $55k$ = $\#0.55$Amount received on final call = $450,000 \times \#0.55 = \#247,500$Answer:$\#247,500$