Accompany invited application for 50000 shares of 10 eat on the following terms on application 3 rupees 3 rupees on allotment to rupees on first and final call 5 rupees the application was received for 110000 shares it was decided to refuse allotment to the application for 10000 years the allotment 50% to Mr Black who applied for 20000 years the allotment in full to Mr Brown who applied for 10000 shares to allot balance of available shares equity able among the other applications and the utilise access application money in part payment in allotment and final call give the general and till the stage of allotment assuming the entry and sum due on allotment is received in full
Accompany invited application for 50000 shares of 10 eat on the following terms on application 3 rupees 3 rupees on allotment to rupees on first and final call 5 rupees the application was received for 110000 shares it was decided to refuse allotment to the application for 10000 years the allotment 50% to Mr Black who applied for 20000 years the allotment in full to Mr Brown who applied for 10000 shares to allot balance of available shares equity able among the other applications and the utilise access application money in part payment in allotment and final call give the general and till the stage of allotment assuming the entry and sum due on allotment is received in full
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Accompany invited application for 50000 shares of 10 eat on the following terms on application 3 rupees 3 rupees on allotment to rupees on first and final call 5 rupees the application was received for 110000 shares it was decided to refuse allotment to the application for 10000 years the allotment 50% to Mr Black who applied for 20000 years the allotment in full to Mr Brown who applied for 10000 shares to allot balance of available shares equity able among
the other applications and the utilise access application money in part payment in allotment and final call give the general and till the stage of allotment assuming the entry and sum due on allotment is received in full
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