12th Class
Accountancy
Accounting For Share Capital
Question Bank
MCQs - Accounting for Share Capital
question_answer
Nyra Ltd. issued 20,000 Equity Shares of Rs.100 each. Amount payable as follows; Application Rs.60; Allotment Rs.20 and balance on first and final call. Company received an amount of Rs.3,60,000 on allotment. Calculate number of shares on which allotment money is not Received.