Accountancy > Accounting For Companies > Accounting For Share Capital
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X Ltd. invited applications for issuing 90,000 equity shares of ₹100 each. The amount per share was payable as follows:
On Application: ₹20
On Allotment: ₹50
On First and final call: Balance
Applications for 2,00,000 shares were received. An applicant who had applied for 5,000 shares paid the entire share money with the application. The total application money received by the company was:
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