Bisneswar Mills Ltd. issued 1,00,000 Equity shares of rd. 100 each at a premium of 10%.
The payment was
to be made as rd. 20 on appliation, rs.40 on allotment lineluding premium),rs 50 on 1st call and rs20
final call. Applications were received for 1,10,000 shares. The directors rejected applications for 10000
shares on which the money received on application, was returned shares were alloted among the remain
applicants on 100% basis. The directors made both the calls and all money were duly received na
Journal and each book entries for the above transactions.
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Hlo mate**!!!!! here is ur ans....
The financial outlay of Rs 112 crore will be utilised for a range of works including construction of compound wall around the temple, development of parking lots, building public toilets and reception room for tourists and digital locker room among other infrastructural works.
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