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Question
Calculate the amount of second and final call when Abhijit Ltd, issues Equity shares of ₹10 each at a premium of 40% payable on Application ₹3, On Allotment ₹5, On First Call ₹2.
Options
Second and final call ₹3
Second and final call ₹4
Second and final call ₹1
Second and final call ₹14
MCQ
Solution
Second and final call ₹4
shaalaa.com
Accounting Treatment for Share Capital
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