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

  • question_answer
    Vinod Ltd invited application for 10,000 Equity Shares of Rs.10 each. Applications were received for 15,000 shares and prorate allotment was made to all the applicants. If Mohan (one shareholder) was allotted 80 shares, find the shares applied by him.

    A) 80

    B) 100

    C) 150 

    D) 120

    Correct Answer: D

    Solution :

    120


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