Question

Q. No.31. (Re-issue at discount) Malli Ltd. issued 50,000 shares of 10 each payable as: 3 : 3 on application (including 1 as premium) *3 on allotment (including 1 as premium) 3 on first call and 3 on second call. All sums were received with an exception of the first call on 200 shares and the second call on 500 shares (including 200 shares on which the first call has not been paid). ​

Answer 1

Answer:

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