Question

Ltd. having an authorised capital of 20,00,000 in shares of * 100 each invited applications for 10,000 shares payable as follows: On application On allotment 20; 30; On first call 25; On final call 25. The company received applications for 12,000 shares. Applications for 10,000 shares were accepted in full and the money on the applications rejected was returned. All the moneys due as stated above were received with the exception of the final call on 250 shares. Half of these shares were forfeited and reissued as fully paid @ * 90 per share.​

Answer 1

Answer:

you can give them a class koraba