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प्रश्न
Sugandh Ltd. issued 60,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 3 on application, ₹ 5(including premium) on allotment and the balance on first and final call. Applications were received for 92,000 shares. The Directors resolved to allot as
| (i) | Applicants of 40,000 shares | 30,000 shares, |
| (ii) | Applicants of 50,000 shares | 30,000 shares, |
| (iii) | Applicants of 2,000 shares | Nil. |
Mohan, who had applied for 800 shares in Category
(i) and Sohan, who was allotted 600 shares in Category
(ii) failed to pay the allotment money. Calculate amount received on allotment.
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उत्तर
|
Issued Shares |
60,000 |
|
Less: Applied Shares |
92,000 |
|
Over-subscribed Shares |
32,000 |
Payable as:
|
Rs |
3 |
on Application |
|
Rs |
5 |
on Allotment (Including Rs 2 premium) |
|
Rs |
4 |
on First and Final Call |
|
Rs |
12 |
(10 + 2) |
|
Applied |
Allotted |
Money Received on Application @ Rs 3 |
Money adjusted on Appliction @ Rs 3 |
Excess |
Allotment due @ Rs 5 |
Excess money adjusted on Allotment @ Rs 5 |
|
40,000 |
30,000 |
1,20,000 |
90,000 |
30,000 |
1,50,000 |
30,000 |
|
50,000 |
30,000 |
1,50,000 |
90,000 |
60,000 |
1,50,000 |
60,000 |
|
2,000 |
NIL |
6,000 |
– |
6,000 |
|
|
|
|
|
|
|
(Bank) |
|
|
|
92,000 |
60,000 |
2,76,000 |
1,80,000 |
|
3,00,000 |
90,000 |
|
Applied |
Allotted |
Money Received on Application @ Rs 3 |
Money adjusted on Appliction @ Rs 3 |
Excess |
Allotment due @ Rs 5 |
Excess money adjusted on Allotment @ Rs 5 |
|
40,000 |
30,000 |
1,20,000 |
90,000 |
30,000 |
1,50,000 |
30,000 |
|
50,000 |
30,000 |
1,50,000 |
90,000 |
60,000 |
1,50,000 |
60,000 |
|
2,000 |
NIL |
6,000 |
– |
6,000 |
|
|
|
|
|
|
|
(Bank) |
|
|
|
92,000 |
60,000 |
2,76,000 |
1,80,000 |
|
3,00,000 |
90,000 |
Mohan
No.of share alloted to Mohan =
` 30000/40000 xx 800 = 600 shares`
|
Money Received on Application 800×3 |
= |
2,400 |
|
Application money adjusted to Share Capital 600×3 |
= |
1,800 |
|
Execs Money on Application |
= |
600 |
|
|
|
|
|
Allotment due on 600 shares × Rs 5 |
= |
3,000 |
|
Less: Adjustment of excess money on application |
= |
600 |
|
Calls-in-Arrears by Mohan |
|
2,400 |
Sohan
No.of shares applied by Sohan =
`50000/30000 xx 600 = 1000 shares`
|
Money received on Application 1,000×3 |
= |
3,000 |
|
Application money adjusted to Share Capital 600×3 |
= |
1,800 |
|
Excess money on application |
= |
1,200 |
|
|
|
|
|
Allotment due on 600 Shares × Rs 5 |
= |
3,000 |
|
Less: Adjustment of excess money on application |
= |
1,200 |
|
Calls-in-Arrears by Sohan |
= |
1,800 |
|
|
|
|
|
Allotment due on 60,000 shares × Rs 5 |
= |
3,00,000 |
|
Less: Excess Application money adjusted on Allotment |
= |
90,000 |
|
|
|
2,10,000 |
|
Less: Calls-in-Arrears by Mohan |
= |
2,400 |
|
Less: Calls-in-Arrears by Sohan |
= |
1,800 |
|
Money received on allotment |
= |
2,05,800 |
