Accountancy, asked by ashutosh265250, 1 month ago

Vinod Ltd. has received a lump sum amount of Rs.3,30,000 on Application and allotted 20,000
Equity Shares of Rs.10 each at a premium of 10%.
How much amount is to be refunded to the applicants?(b) 1,30,000​

Answers

Answered by parmeeetkaurr
9

Answer:

1,10,000

Explanation:

Total amount received = 3,30,000

Amount must receive = 20,000*11

excess money will be refunded i.e. 3,30,000-2,20,000 =1,10,000

Therefore answers is 1,10,000

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