Accountancy > Accounting For Companies > Accounting For Share Capital
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(b) Meeta Ltd. invited applications for issuing 30,000 equity shares of ₹10 each. Applications for 29,500 shares were received. Allotment was made in full. A shareholder holding 100 shares failed to pay the first call of ₹2 per share. His shares were forfeited. The second call of ₹3 per share was not yet made. The amount debited to share capital account, on the forfeiture of shares will be :
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