Raja Ltd. issued 50,000 equity shares of 10 each. Of the issue, 70% was underwritten by Sarvan.

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Raja Ltd. issued 50,000 equity shares of ₹10 each. Of the issue, 70% was underwritten by Sarvan. In addition, there is a firm underwriting of 4,500 shares by marked application, totalled for 22,000 shares. Determine the liability of Sarvan.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 04:48 AM

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Raja Ltd. issued 50,000 equity shares of 10 each. Of the issue, 70% was underwritten by Sarvan.

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Particulars Gross Liability Less Firm Underwriting Less Unmarked Ap...View the full answer

Corporate Accounting

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