30
(Hints : For purchase of land : Land Alc Dr. and Eyully suit Cupu
11. M/s. Blue Chips Ltd. issued 10,000 equity shares of 100 each. The company received 12,000 applications
of which 2,000 applications were totally rejected and their amount was refunded.
The money on the shares was payable as under:
on application
on allotment
*30
on 1st call
on final call
20
All the calls were made and money due thereon were received in full.
20
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