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The following ledger account indicates that the amount payable on application is:
Application A/C
Date
|
Details
|
Debit
|
Date
|
Details
|
Credit
|
|
Contributed Equity
|
2,000,000
|
|
Trust Bank
|
3,000,000
|
|
Call Paid In Adv
|
1,000,000
|
|
|
|
|
|
3,000,000
|
|
|
3,000,000
|
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