Read the following passage and answer the question.

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 13,000 shares. Applications for 3,000 shares were rejected and pro-rata was made on the remaining shares.

How much amount will be adjusted towards allotment?

₹8,000

The correct answer is option 3- ₹8,000.

Amount received on application = 10,000 X 3
                                                  = ₹30,000
Amount should be on the application = 4,000 X 3
                                                           = ₹12,000
The excess amount received that will be adjusted towards allotment and calls = 30,000 - 12,000
                                                                                                                            = ₹18,000

Amount due on allotment = 4,000 X 2
                                        = ₹8,000
Amount adjusted on allotment = ₹8,000 from the excess of 18,000.