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प्रश्न
A company issued 20,000 equity shares of ₹10 each at par payable as under: On application ₹3; on allotment ₹4; on first call ₹2 and on final call ₹1 per share. Applications were received for 50,000 shares. Allotment was made pro-rata. How much amount will be received in cash on allotment?
पर्याय
₹10,000
₹80,000
Nil
₹90,000
MCQ
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उत्तर
Nil
Explanation:
Application money received = 50,000 × ₹3 = ₹1,50,000
Application required for 20,000 shares = 20,000 × ₹3 = ₹60,000
Excess = ₹90,000 (adjustable against allotment).
On 20,000 shares × ₹4 = ₹80,000
Allotment due (₹80,000) – Excess application (₹90,000)
= Nil
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