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A Company issued 50,000 shares of 20 each at 5% premium,10 were payable on application and balance on allotment. What will be the allotment amount? (A) Rs.500,000 (B) Rs.4,75,000 (C) Rs.550000 (D) Rs.5,25,000 |
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Answer» Correct option is (C) Rs.550000 |
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