Practicing Success
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 amount will be carried forward for the adjustment against allotment money due from F? |
₹200 ₹220 ₹240 ₹260 |
₹240 |
The correct answer is option 3- ₹240. 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. Excess amount = 840-600 |