Question

12th bk..a company issued 3000 equity shares of rs.10 and received application for 3500 equity shares. The shares were alloted on pro-rata basis find out the amount adjusted allotment money if application money received per share was rs. 250​

Answer 1

Answer:

Rs 1250

Explanation:

Amount received on application = 3,500 shares * Rs 2.50 each = Rs 8,750

Application money should have been received according to shares alloted = 3,000 shares * Rs 2.50 each = Rs 7,500

Excess amount to be adjusted towards allotment money = Rs 8,750 less Rs 7,500 = Rs 1,250