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A limited company with registered capital of 500000in shares of 10 each issued on first call 25000shares payable Rs1 for application,rs2 for allotment and rs3 for first call three months later all the money payable on allotment were duly received but on first call being made one shareholders paid the entire balance on his holding of rs300 shares and five shareholders with a total holding of rs1000 failed to pay the first call on their shares pass necessary journal entry.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A limited company with registered capital of 500000in shares of 10 each issued on first call 25000shares payable Rs1 for application,rs2 for allotment and rs3 for first call three months later all the money payable on allotment were duly received but on first call being made one shareholders paid the entire balance on his holding of rs300 shares and five shareholders with a total holding of rs1000 failed to pay the first call on their shares pass necessary journal entry.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A limited company with registered capital of 500000in shares of 10 each issued on first call 25000shares payable Rs1 for application,rs2 for allotment and rs3 for first call three months later all the money payable on allotment were duly received but on first call being made one shareholders paid the entire balance on his holding of rs300 shares and five shareholders with a total holding of rs1000 failed to pay the first call on their shares pass necessary journal entry.?.

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