Company offers 15,000 shares of Rs.10 each to the public. The amount is payable as follows; |
On Application Rs.3 per share |
On Allotment Rs.3 per share |
On 1st call Rs.2 per share |
On 2nd call Rs.2 per share |
Applications are received for 20,000 shares. The directors made the allotment as follows: |
No allotment to applicants for 3,000 shares |
Rest of the shares were allotted on pro-rata basis. |
Allotment money to be adjusted on application will be: |
A) 6,000
B) 9,000
C) 45,000
D) 15,000
Correct Answer: A
Solution :
6,000You need to login to perform this action.
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