Mamsa Nigeria Limited issued 20 000 ordinary shares of N1.50 per share on 2nd July 2002. 1500 ordinary shares were fully subscribed for and their monies received as below: On application .........................N0.40 On allotment ...........................N0.20 First call (including premium ofN0.50)..N0.70 What is the balance of the ordinary share capital account after the first call was received?

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Mamsa Nigeria Limited issued 20 000 ordinary shares of N1.50 per share on 2nd July ...

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