Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

 A company had allotted 10,000 shares to the applicants of 14,000 shares on a pro-rata basis. The amount payable on the application was ₹2. F applied for 420 shares. How much shares was allotted to F?

Options:

400

410

250

300

Correct Answer:

300

Explanation:

The correct answer is option 4- 300.

Pro-rata made on 14,000 shares to whom 10,000 shares were allotted means who  applied for 14 share get 10 share.
 F applied for 420 shares.
Allotted shares to F = 10/14 X 420
                             = 300 shares