Question

25. Raj Ltd issues 20,000 Equity shares of Rs. 10 each at par. The issue was
underwritten by Kala & Co. The public applied for and received 16,000 shares.
Calculate the net liability
a) 4,000 shares
b) Net liability : NIL
c) 16,000
d) 20,000
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Answer 1

Answer:

mention your class also..