Please rotate your screen to landscape mode.

**Working Note:**

Amount received on 3000 shares of Rs 2 each = Rs 6000

Amount transferred to share capital a/c = 2400*2 = Rs 4800

Excess money received on application = Rs 1200

Amount due on allotment @ Rs 5 each = 12000 i.e. (7200+4800)

Amount not received on securities premium= 4,800

Amount not received on allotment = Rs 6000 i.e. (7200-1200)

Amount not received on first and final call = 12000 i.e. (2400*5)

**Calculation of amount not received from Madhur:**Amount not received on first and final call = 12000 i.e. (2400*5)

**Working Note:**

Amount received on 3000 shares of Rs 2 each = Rs 6000

Amount transferred to share capital a/c = 2400*2 = Rs 4800

Excess money received on application = Rs 1200

Amount due on allotment @ Rs 5 each = 12000 i.e. (7200+4800)

Amount not received on securities premium= 4,800

Amount not received on allotment = Rs 6000 i.e. (7200-1200)

Amount not received on first and final call = 12000 i.e. (2400*5)

**Calculation of amount not received from Madhur:**Amount not received on first and final call = 12000 i.e. (2400*5)

Answer

**Working Note:**

Amount received on 3000 shares of Rs 2 each = Rs 6000

Amount transferred to share capital a/c = 2400*2 = Rs 4800

Excess money received on application = Rs 1200

Amount due on allotment @ Rs 5 each = 12000 i.e. (7200+4800)

Amount not received on securities premium= 4,800

Amount not received on allotment = Rs 6000 i.e. (7200-1200)

Amount not received on first and final call = 12000 i.e. (2400*5)

**Calculation of amount not received from Madhur:**Amount not received on first and final call = 12000 i.e. (2400*5)