why companies put ltd and pvt ltd,what is the difference?
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Answer / rajya lakshmi
Public company Limited can start minimum 10 No of
Directors .Maximum unlimited.
Private company Litomed can start minimum 2 No Maximum 10
| Is This Answer Correct ? | 2 Yes | 3 No |
In Ltd comapny The Liability of Shares holiders is limited
and Pvt Ltd The Liability of Share holiders is unlimited.
Ltd and Pvt Ltd related to Liability comapny of Patners and
Share holders.
| Is This Answer Correct ? | 5 Yes | 8 No |
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Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.
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