12th Class
Accountancy
Accounting For Share Capital
Question Bank
MCQs - Accounting for Share Capital
question_answer
Vinod Limited offered 10,000 shares of Rs.10 each for public subscription at a premium of 10%. Full amount was payable on application. Applications were received for 15,000 shares and the Board decided to allot the shares on pro-rata basis. How much amount is to be refunded?