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Accountancy · 2024 · 1 mark

CBSE 2024 · Region 4 · Set 1 · Q4

Vishant Ltd. invited applications for issuing 6,000 equity shares of ₹ 10 each at 10% premium. The issue was fully subscribed. The amount per share…

Vishant Ltd. invited applications for issuing $\displaystyle 6,000$ equity shares of ₹ $\displaystyle 10$ each at $\displaystyle 10$% premium. The issue was fully subscribed. The amount per share was payable as follows : On application - ₹ $\displaystyle 3$, on allotment - ₹ $\displaystyle 3$ (including premium), on first call - ₹ $\displaystyle 3$ and on final call - ₹ 2. As fish the holder of $\displaystyle 200$ shares paid the entire money along with allotment. The total amount received on allotment was :
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