Question

x Ltd issued 20000, 7% preference shares of Rs 100 each at a premium of 6%. Payment were to be made as- RS 25 on application Rs 46 on allotment Rs 10 on first call Rs 25 on final call. The application for 18000 share were received and accepted. All the money was duly received except t






he first and final call of 100 shares.​

Answer 1

Explanation:

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