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  5. Accounting For Share Capital

12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    Green Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis. The amount payable on application is Rs. 2 per share. Mohan applied for 420 shares. The number of shares allotted to Mohan are:

    A) 60 shares    

    B) 320 shares

    C) 340 shares          

    D) 300 shares

    Correct Answer: D

    Solution :

    [d] 300 shares
    Hint: Number of Shares Allotted
    =\[\frac{420}{14,000}\times 10,000\]    =  300.


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