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0. 63 Jay Ltd, issued a …

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0. 63 Jay Ltd, issued a prospectus inviting applications for 1.00,000 shares of each. These shares were issued at par on the following terms: 710 On application 2.50, on allotment 2.50, on first call 3 and on final call the balance. 2 Applications were received for 1,35.000 shares. Allotments were made on the following basis : (i) To applicants for 25,000 shares - in full; (ii) To applicants for 60,000 shares 45,000 shares (ul) To applicants for 50.000 shares - 30,000 shares All excess amount paid on application is to be adjusted against amount due on allotment.

Posted by Sajal Goel 3 years, 9 months ago

CBSE > Class 12 > Accountancy

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Riya Garg 3 years, 3 months ago

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