pany Accounts (Share 25. (Pro-rata, forfeiture, Reissues, B/S) Nariman Electronics Limited obtained n licence for manufacture and sale of Television sets. As a part of financing the 50,000 equity shares of 10 each were issued at par on the following terms: Value of each share is payable as follows: Page 1 514 On application On allotment On first call On final call 2 Company Accounts (Share Capit Owing to heavy over dosjes 9(a) Applicants for were alloted 10 (b) Applicants for were allotted (c) In respect of shares allotr Excess applicatic was returned. S gnrwoll money. Naraya are included i made. Five hu whole of Sudh: Show the jour of the answer [Ans. Capita 27. (Excess adi 50,000 equit On applica On allotme 1 Applications were received for 60,000 shares. Allotments were made on the foll basis : (a) To applicants for 10,000 shares in full. (b) To applicants for 20,000 shares 15,000 shares. (c) To applicants for 30,000 shares 25,000 shares. S80 All excess amounts paid on application to be adjusted against