Issue of Share Capital
Issue of Share Capital
WORKING NOTES –
Application = 5 (5+1)
Allotment = 2 (2+1)
First call = 3 (3+1)
Total = 13 (10+3)
Q.45
= 600 * 5
= 3,000
2.Profit on 1 share = 20
Profit on 15 shares = 20 * 15
= 300
Capital reserve = 75