Accountancy, asked by vkarikatti, 1 year ago

Lucky Ltd invited application for 50,000 equity shares of RS,10 each , payable as rs2 on application RS 3 on allotment and the balance on1st and final call.applicationwere received for 1,50,000 shares and the share were allotted on aprorata basis , the excess application money was to be adjusted against allotment only, Maya a holder who had applied for 1,500 shares failed to pay the callmoney and her share were forfeited and were reissued@8 per share as fully paid. What amount of bank received by the luck y Ltd

Answers

Answered by ramashishgupta8161
0

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Errors are the difference in the values of the measurements to its correct values.

There are the many types of the Errors. On the basis of the classification they are summarized below. 

Errors are commonly of the two types ⇒

1. Constant Errors ⇒ When the result of the series of the observations have the errors in the same amount then the errors are called as the Constant Errors. 

2. Systematic Errors ⇒ Those errors that are always in the same direction either positive or negative,  is called as the systematic errors. 

Errors are also divided into three types. They are ⇒

1. Absolute errors ⇒ The difference of the true value to the experimental value is called as the Absolute Errors.

2. Relative errors. ⇒ The ratio of the absolute errors to the true value is called as the Relative errors. 

3. Percentage Errors ⇒ The relative errors expressed in % is called as the relative errors. 

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