Question

Ques E. ltd alloted 10,000 shares to the applications of
Shares on pro-rata basis and the applications
money
on 6000 shares was retunded. The amount paya
the basis
Application was F2 per share and on
allotment & Per share . mo y
shareholder und
did not pay
the allotment me
money
630 due to him.
The number of shares alloted to him were.
a 126 Shares
b 1so Shares
C 800 shares
d 210 Stories,​

Answer 1

Explanation:

Answer is D.

14000 shares applied 10,000 shares allotted

So the ratio is 7:5

F applied for 420 shares.

F allotted = 420*5/7 = 300

Application money received = 420*2 = 840

Less: Application money actually to be received = 300*2 = (600)

Amount carried forward for adjustment = 240