RR Ltd issued 10,000 Equity Shares of 10 each, of these 9,500 shares were subscribed. The amount was payable as 4 on application, 73 on allotment, 2 on First Call and balance on Second and Final call. If a shareholder holding 300 shares has defaulted on Second and Final Call, what is the amount of money received or Second and final call
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Answer:
2
Explanation:
3000 is minus by 73 is 2927 is called a amount of money
The money is transferes by payable as 4 on application
The application has a 73 allotment
The application has 2 on first call and balance a second and final call
Means the application man call two times
If a shareholder holding 300 rupees
The rupees has the amount of money received orsecond and final call balance rupees
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