Prarthana Ltd was formed with an …
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Prarthana Ltd was formed with an authorized Capital of 90,00,000 divided into 90,000 equity shares of 100 each the company invited application for issuing 80,000 equity shares
On application 30
On allotment 40
On first and final call balance amount
Application for 100000 shares were received application for 20,000 shares were rejected and the application money was refunded all calls were made a shareholder holding 600 shares did not pay the first and final call
Show the share capital in the balance sheet
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