Question : A company offered 40,000 shares of Rs.10 each at par payable as to Rs.4 on application, Rs.5 on allotment and the balance on final call. Applications were received for 50,000 shares and the allotment was made on pro-rata basis. The excess application money was to be adjusted on allotment and call. How much amount will be transferred from Share Application A/c to Share Allotment A/c?

Option 1: Rs.30,000

Option 2: Rs.40,000

Option 3: Rs.20,000

Option 4: Rs.50,000

Question : Kirloskar Ltd. issued 20,000 shares of Rs. 10 each, payable Rs. 4 on application,  Rs. 3 on allotment and Rs. 3 on first and final call. Applications were received for 25,000 shares. The company decided to allot 20,000 shares on pro-rata basis and surplus of

Question : Kirloskar Ltd. issued 20,000 shares of Rs. 10 each, payable Rs. 4 on application,  Rs. 3 on allotment and Rs. 3 on first and final call. Applications were received for 25,000 shares. The company decided to allot 20,000 shares on pro-rata basis and surplus of

Question : X Ltd. invited applications for 50,000 shares of Rs.10 each at 10% premium, payable on Rs.3 on application, Rs.3 on allotment and balance amount on first and final call Applications were received for 1,20,000 shares and shares were allotted on pro-rata basis The excess money

Question : X Ltd. invited applications for 50,000 shares of Rs.10 each at 10% premium, payable on Rs.3 on application, Rs.3 on allotment and balance amount on first and final call Applications were received for 1,20,000 shares and shares were allotted on pro-rata basis The excess money

Question : X Ltd. invited applications for 50,000 shares of Rs.10 each at 10% premium, payable on Rs.3 on application, Rs.3 on allotment and balance amount on first and final call Applications were received for 1,20,000 shares and shares were allotted on pro-rata basis The excess money