A company issued 4,000 equity shares of ₹10 each at par payable as under : On application ₹3; on allotment ₹2; on first call 4 and on final call ₹1 per share. Applications were received for 13000 shares. Applications for 3000 shares were rejected and pro-rata was made on the remaining shares.
On how many shares pro-rata is made by the company?
Options:
13000
3000
10000
4000
Correct Answer:
10000
Explanation:
The correct answer is option 3- 10000
Application received = 13000 Application rejected = 3000 Remaining applications = 13000 - 3000 = 10000 On 10000 shares pro-rata is made.