A Ltd issued 10 000 equity shares of rs100 each at 10 premium The net amount payable as follows On a...........

A Ltd. issued 10,000 equity shares of rs100 each at 10% premium. The

net amount payable as follows:

On application rs20

On allotment rs50 (40 ±premium rs10)

On first call rs30

On final callrs 10

A shareholder holding 200 shares did not pay final call. His shares were forfeited. Out of these 150 shares were reissued to Mr. B at rs75 per share.

In the Balance Sheet of the Company, the share capital will be presented as:

rs 9,99,500

rs 9,50,000

rs 8,65,000

rs 8,99,500

rs 9,99,500

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