Question

A Ltd. Co. having an authorised capital of 40000 shares of
` 100 each offered 25000 shares of the public. On each share
of ` 20 were payable on application, ` 30 on allotment
(including premium), ` 30 on first call and the balance of
` 30 on second call. Applications for 22000 shares were
received and shares were allotted. The amount received on
these shares was as under :
On 18000 shares fully amount
On 2500 shares ` 80 per share
On 1000 shares ` 50 per share
On 500 shares ` 20 per share

Answer 1

Answer:

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