Question
B Ltd. issued equity shares of Rs.10 each at 10%
premium; all shares were issued and subscribed. Amount called up: - On application Rs.3 each, on allotment Rs.2, Rs.3 on first call and Rs. 2 on final call. Mr. A, a holder of 200 shares paid entire money on allotment. At the time of receiving the money of āCalls in Advanceā A/c will be credited with Rs. ________Solution
200 shares * 5 (Call money) = Rs. 1000
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