CUET Preparation Today
| A Company issued 50,000 shares of Rs20 each at 5% premium. Rs10 were payable on application and balance on allotment. What will be the allotment amount? |
₹500000 ₹475000 ₹550000 ₹525000 |
| ₹550000 |
| Balance Payable per share=Rs 11(including Rs 1 as premium) Therefore, total amount due on allotment=50,000*11=₹5,50,000 |
