04-DK LITE sued,ooo shares of Rs.10 each at premiurn of Rs.2 per share payable as: On Application.
on the first & final
Rs.3 On Allotmest
Rs. 5 (including premium) Balance.....
call Applications were received for 24,000 shares. Allotment was made as follows: (a) Applicants of 40,000 shares
20,000 shares (b) Applicants of 40,000 shares ---- 40,000 shares (c) Applicants of 4,000 shares
Nil Mr. Kumar
who had applied for 2,000 shares in category (a) and Gaurav who was allotted 1,200 shares in category (b) failed to pay the
allotment money. Calculate the amount received on allotment and give necessary entries
05-1 Limited issued 200
shares pe 1
Answers
Answer:
4-DK LITE sued,ooo shares of Rs.10 each at premiurn of Rs.2 per share payable as: On Application.
on the first & final
Rs.3 On Allotmest
Rs. 5 (including premium) Balance.....
call Applications were received for 24,000 shares. Allotment was made as follows: (a) Applicants of 40,000 shares
20,000 shares (b) Applicants of 40,000 shares ---- 40,000 shares (c) Applicants of 4,000 shares
Nil Mr. Kumar
who had applied for 2,000 shares in category (a) and Gaurav who was allotted 1,200 shares 4-DK LITE sued,ooo shares of Rs.10 each at premiurn of Rs.2 per share payable as: On Application.
on the first & final
Rs.3 On Allotmest
Rs. 5 (including premium) Balance.....
call Applications were received for 24,000 shares. Allotment was made as follows: (a) Applicants of 40,000 shares
20,000 shares (b) Applicants of 40,000 shares ---- 40,000 shares (c) Applicants of 4,000 shares
Nil Mr. Kumar
who had applied for 2,000 shares in category (a) and Gaurav who was allotted 1,200 shares
Explanation: