Question

T Ltd had allotted 20,000 shares to the applicants of 24,000 shares on pro rata basis. The amount payable on application is Rs.2. Manoranjan applied for 450 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from him is: *

A) 150 shares,Rs.375
B) 375 shares,Rs.150
C) 400 shares,Rs.100
D) 300 shares,Rs.300​

Answer 1

Answer:

b is the correct ans dear

Answer 2

Answer:

The shares allotted to Manoranjan is 375.

Explanation:

In this question, we have to calculate the number of the shares Manoranjan get and adjustment against Allotment money. the value of the each share is Rs. 2. In the question it is given that

T Ltd allotted 20,000 shares on the application of 24,000. Manoranjan applied for the applied for 450. Firstly, we calculate the shares allotted to Manoranjan. To calculate this we use a formula.

Calculation of the shares allotted to Manoranjan:

$Allotted Shares=\frac{Total Shares Allotted}{Total Shares Applies}* Share Applied by Shareholder\\ =\frac{20,000}{24,000} *450\\=375$

Hence, the share allotted to Manoranjan is 375 shares. Now we calculate the amount of the adjustment in allotment. To calculate  the amount of adjustment we subtract the amount paid on the application from the value of the shares get.

$Amount Adjusted =Money paid for Application-Value of the shares get\\=900-750\\=150$

Hence, the money adjusted in allotment is 150.

#SPJ3