Question

a company issued 5000 equity share of rupees hundred each at par payable as 2 rupees 40 on application rupees 50 on allotment and rupees 10 on call application were received for 8000 shares allotment were made on Pro rata how much amount will be received in cash on allotment​

Answer 1

Explanation:

Shares Applied = 6000

Shares Allotted = 5000

Ratio = 5:6

Shyam applied for = 180 shares

Shares allotted to Shyam = 180*5/6 =150

Answer 2

Correct Question

A company issued 5000 equity share of rupees hundred each at par payable as to rupees 40 on application rupees 50 on allotment and rupees 10 on call. Application were received for 8000 shares.Allotment were made on Pro-rata. How much amount will be received in cash on allotment.​

Answer:

The amount will be received in cash on allotment​ is  Rs.1,30,000.

Explanation:

Given:

Issued 5000 equity share of rupees hundred each at par payable.

Rupees 40 on application rupees, 50 on allotment and rupees 10 on call application.

Application were received for 8000 shares.Allotment were made on Pro-rata

To Find:

The amount will be received in cash on allotment​

Solution:

Applied shares= 8000

Allotted shares = 5000

Pro-rata shares =Applied shares-Allotted shares

                         $=8000-5000\\=3000$

Allotted money  received = Number of shares allotted x Allotted money per share

                                           $= 5000\times 50\\= Rs,2,50.000$

Excess application money  received =Pro- rata shares x application

  money per share

                                                             $= 3000\times 40\\=Rs. 1,20,000$

The amount will be received in cash on allotment​ =Allotted money  received-Excess application money  received

                                                                                 $=2,50,000-1,20,000\\=Rs.1,30.000$

Thus,the amount will be received in cash on allotment​ is  Rs.1,30,000.

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