Advanced Placement (AP), 08.07.2021 14:00 brittneylouise2852

ABC limited company issued 10,000 equity shares of Rs.100 each. Amount were payable as follows: on application Rs.20 on allotment Rs.40 on first call Rs.30 on final call Rs.10 Application were received for 25,000 shares. The directors decided to make pro-rata allotment for 20,000 application and remaining application were rejected. Excess money was utilized sum due on allotment.

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ABC limited company issued 10,000 equity shares of Rs.100 each. Amount were payable as follows: on a...