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 ₹2. 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 ______.

पर्याय

• 60 shares; ₹120

• 340 shares; ₹160

• 320 shares, ₹200

• 300 shares; ₹240

Answer 1

E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis. The amount payable on application was ₹2. 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 300 shares; ₹240.

Explanation:

Applications received = 14,000 shares
Shares actually allotted = 10,000 shares
pro-rata ratio = 10,000 : 14,000 = 5 : 7

F applied = 420 shares
Shares allotted = 420 × (5/7) = 300 shares

Application money = ₹2 per share
F applied for 420 shares → 420 × ₹2 = ₹840 paid

300 shares × ₹2 = ₹600

Excess Application Money = ₹840 – ₹600

= ₹240