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A limited company was registered with …

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A limited company was registered with a capital of 500000 in share of 10 each and issued 20000 such share at premium of 2 per share, payable as 3 per share on application 4 per share on allotment (including premium ) and 2 share on first call made three month later. All the money payable on application and allotment were dully received but when the first call was made, one shareholder paid the entire balance on his holding of 300 shares, and another shareholder holding, 1000 shares failed to pay the first call money.

Posted by Hritik Kumar 6 years, 8 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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