Question

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3. Eastern Company Limited, having an authorised capital of 10,00,000 divided into shares of 7 10 eac
issued 50,000 shares at a premium of 3 per share payable as follows:
On Application
On Allotment (including premium)
On first call (due three months after allotment)
and the balance as and when required.
3 per share;
5 per share;
3 per share;​

Answer 1

Answer:

3 per share........................

Explanation:

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Answer 2

Answer:

5 per share

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