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Share allotment account is a a)Personal account b)Real account c) Nominal account Plz explain.koi bta do?
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Personal account 
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Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.How much allotment amount is already received during application?

Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.What amount is received at the time of first and final call?

Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.How many shares will be issued for the applicants of 50,000 shares?

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Share allotment account is a a)Personal account b)Real account c) Nominal account Plz explain.koi bta do?
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Share allotment account is a a)Personal account b)Real account c) Nominal account Plz explain.koi bta do? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Share allotment account is a a)Personal account b)Real account c) Nominal account Plz explain.koi bta do? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Share allotment account is a a)Personal account b)Real account c) Nominal account Plz explain.koi bta do?.
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