Question

issued 500 equity shares of
100 each. The share money payable on
(ANS: DR
41. Shyam Ltd. issued 500 eam
the same was so below:
lication: 20 on allotment; * 30 on first call and 30 on final call; Shyam
100 shares could not pay first and second call and Mohan who held 50
es could not pay second call money. Due to default in payment, these shares
forfeited and were re-issued on 2% discount as fully paid. The remaining​

Answer 1

Explanation:

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