Question

*). Ranjit, a Director of Nida Agro Lad proposed in a board meeting that
inculcate the habit of savings among people, the
w ed to bring a special
issue of shares. His proposal was accepted by the company The
company issued 70,000 shares of 100 each. The share money per
whare was payable as 30 on application, on allotment and 20
on call
Makhan a farmer, holding 50 shares could not pay he call money and
Nathan, another farmer holding 60 shares paid the call money with
allotment
Makhan paid the amount due to him after four months explaining the
reason for this delay, the company did not change any interest from him.
(a) Calculate the amount received by the company on allotment

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Answer 1

Answer:

Answer is profit trial court