Nippon Lad issued 25,000 shares of 10 each. It received applications for 30,000 shares fully called up. Here the subscribed capital of the company is .
(a) 2,50,000 (b) 3,00,000 (c) 50,000 (d) None of these.
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Answer:
b) 3,00,000
Explanation:
subscribed capital = no of shares applied * application money per share
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Explanation:
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