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A Ltd. was registered with an …

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A Ltd. was registered with an authorised capital of 10,00,000 divided into equity shares of €10 each. The company invited applications for the issue of 50,000 shares. Applications for 48,000 shares were received. All calls were made and were duly received except the final call of *2 per share on 1,000 shares. All these shares were forfeited and later on re-issued at *9,000 as fully paid.

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CBSE > Class 11 > Accountancy

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