Question

jain ltd invited applications for issuing 112000 equity shares​

Answer 1

Answer:

Jain ltd invited applications for issuing 112000 euity share of rs10 each at par. The amount per share was payable as follow on application rs1,on allotment rs 2,on 1st call rs3 nd 2nd final call rs4. Applications for 100000 shares were received. Shares were fully alloted to all the applicants.