Question
W Ltd. issued 8,000 shares of Rs.10 each at per. Amount
called up Rs.4 on application, Rs.3 on allotment and Rs.3 on first and final call. Mr. R, a shareholder holding 500 shares did not pay allotment money. Amount received on allotment will be Rs.________.Solution
(8000 Shares – 500 Shares) * 3 = 22,500
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