Question

Sangeeta limited invited applications for issuing 60000 shares of rupees 10 at par the amount was payable as follows on application rupees 2 allotment 3 on first and final call rupees 5 application were received for 92000shares.
allotment was made on the following basis a) to applicants for 40000 shares full b) to applicants for 50000 shares 40% c) applications for 2000 shares nil
108000 was realised on account of allotment and 250000 on account of call the director decided to forfeit of those applicants to hopeful allotment was made and on which allotment money was overdue.​


please give correct answer.

Answer 1

Answer:

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