Question

Q 24. X Ltd. issued 1,00,000 shares for subscriptions to the public at a premium of Rs 3 per share. Applications were received for 1,20,000 shares and allotment was made pro-rata to all applicants. All calls were made and were duly received except the 2 ^ (nd) and final of Rs 4 per share on 1,000 shares held by shiv. His shares were forfeited and afterwards re-issued at Rs 8 per share as fully paid up. Subscribed and fully paid capital will be:
a) Rs 12,00,000
b) Rs 9,96,000
c) Rs 9,90,000
d) Rs 10,00,000​

Answer 1

Answer:

c is correct answer i think

Answer 2

Answer:

a) Rs 12,00,000 .

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