Discussion Forum : Accounting For Share Capital
Question -
E ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis. The amount payable on application was Rs. 2 and balance on allotment. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F will be :
Answer: Option B
:
B
Was this answer helpful ?
:
B
No. of shares allotted to F
=420 * 10,000/14,000
= 300
The amount carried forward for adjustment against allotment money due from F will be
= (420-300) *2
= 120* 2
= Rs 240
Was this answer helpful ?
Login With Google
Old way of Login
Login With Email
Submit Your Solution hear: