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XYZ company Ltd issued 10000 shares of RS.10 each at a premium of RS. 2 per share payable as follows: Rs.2 on application along with premium RS.2.
Rs.3 on allotment and balance first and final call.
All the shares were applied for and duly allotted.
Required: a. Application b. Allotment c. first and final callโ€‹

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