Question

the authorised capital of sarang ltd. is 1,20,00,000 divided into 12,00,000 shares of rupees 10 each. out of these , company issued 8,00,000 shares of rupees 10 each at a premium of 20% . the amount per share was payable :
on application. rupees 2
on allotment. rupees6( including premium)
on first call. rupees 2
on final call. balance amount ​

Answer 1

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