Question

0. 12. A company issued 4,000 equity shares of 10 each at par payable as under : А On application *3; on allotment 2; on first call 34 and on final call 1 per share. Applications were received for 10,000 shares. Allotment was made pro-rata. How much amount will be received in cash on allotment? (A) 18,000 (B) 12,000 (D) None (C) Nil​

Answer 1

A company issued 4,000 equity shares of 10 each at par payable as under : А On application *3; on allotment 2; on first call 34 and on final call 1 per share. Applications were received for 10,000 shares. Allotment was made pro-rata. How much amount will be received in cash on allotment?

ANSWER -12,000