Question

A company issues 10,000 shares of Rs.10 each , payable as Rs. 2 on application, Rs. 3 on allotment and Rs. 5 on final call. The company has called only application and allotment money . The amount of capital received will be recorded under the head
(a)subscribed but not fully paid-up
(b) subscribed but fully paid-up
(c) called up but not subscribed
(d) subscribed but not called-up
(choose the correct answer)​

Answer 1

Answer:

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