Accountancy, asked by neelujais7711, 7 months ago

If applicants of 80000 shares were allotted 60,000 shares on Pro Rata basis, the shareholders who have alotted 1200 shares must be applied for:
900 shares
3600 shares
1600 share
4800 share​

Answers

Answered by kherakanishka23
9

Answer:c) 1600

Explanation: applied 80000

Alloted 60000

So, 80000*1200/60000=1600

Answered by Dhruv4886
0

Given:

If applicants of 80000 shares were allotted 60,000 shares on a Pro-Rata basis

To Find:

the shareholders who have allotted 1200 shares must be applied for:

900 shares

3600 shares

1600 share

4800 share​

Solution:

The concept of a Pro-Rata allotment arises when the issue of shares is oversubscribed, in such a case the company either rejects applications to the extent of shares oversubscribed or they allot shares on a Pro-Rata basis. It means few numbers of shares shall be allotted to the applicants in the proportion to the number of shares applied by them. In the given question the applicants of 80000 shares were allotted 60000 shares on a Pro-Rata basis, which means the application of one share was allotted 80000/60000 shares which is 4/3 shares. So the applicants of 1200 shares must have applied for 1200*4/3=1600 shares

Hence, the correct option is (c).

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