Question

3) 5000 equity share of RS 100 each issued at a 5% discount calculate the total amount of discount​

Answer 1

Answer:

Application money is that amount which a company has called up at first when the shares are issued.

As per the companies act 2013. application money must be 5% of the face value of a share and the face value of shares issued by X Ltd. is Rs 100

Applicationmoneypershare=

100

5

×Rs100=Rs5.

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Explanation:

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