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6. Rajan and Shyam have underwritten the issue of 10,000 equity shares of R by X Co. Ltd., in the ratio of 6:4. The Company received 8,000 applicawhich 4,000 and 2,500 were marked in favour of Rajan and Shyam respeDetermine the obligations of the underwriters and give journal entries in the hthe company(Ans : Net Liability : Rajan - 1,100Shyam - 900 |
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