NEB Model Question (Set A) Accounting Question 12 Solution | A Company Ltd. invited applications for 30,000 shares of Rs. 100 each at 10% premium. Payment: Application Rs. 30, Allotment Rs. 40, First & Final Call Rs. 40. Received 42,000 applications. Allotment: 25,000 full, 10,000 50%, 7,000 rejected. Excess money adjusted with allotment. Call money on 200 shares not received.
