International students
Question : Good Co. Ltd. invited applications for 1,00,000 shares of Rs. 10 each payable:
Rs. 3 on application, Rs. 3 on allotment and the balance when required. Applications were received for 1,20,000 shares out of which applications for 1,00,000 shares were accepted and the remaining applications were rejected. Allotment money was received on 99,500 shares.
On the basis of the above information, choose the correct option to the following question
Question:- Amount received on allotment will be:
Option 1: Rs. 99,500
Option 2: Rs. 2,98,500
Option 3: Rs. 3,00,000
Option 4: Rs. 2,99,500
Correct Answer: Rs. 2,98,500
Solution :
Answer = Rs. 2,98,500
JOURNAL OF GOOD CO. LTD.
Date
Particulars
L.F.
Dr.( Rs.)
Cr. Rs.
Bank A/c
...Dr.
3,60,000
To Shares Application A/c
(Application money received on 1,20,000 shares @ Rs. 3 per share)
Shares Application A/c
To Share Capital A/c (1,00,000 x Rs. 3)
To Bank A/c (20,000 x Rs. 3)
(Application money adjusted and surplus refunded)
3,00,000
60,000
Shares Allotment A/c
To Share Capital A/c
(Allotment money due on 1,00,000 shares @ Rs. 3 per share)
2,98,500
To Shares Allotment A/c (Allotment money received on 99,500 shares)
Education at DIT is free for residents of the EU, Switzerland, and the United Kingdom. The tuition fee for everyone else is approximately $1,735 USD. Some students receive tuition assistance from the university through financial aid programs. They are open to both locals and visitors.
Yes, the University of West England provides scholarships for international students like British Chevening Scholarship, British Council IELTS, Flywire Charitable Foundation Academic Scholarships, UWE Bristol's International College Scholarships, and US loans and more.
Yes, as UWE Bristol has a great international reputation with a diverse international community of students from over 140 countries. The university is therefore the ideal university for international students to study at.
Yes, Queen’s University Belfast provides international scholarships for students who are interested to apply. These scholarships include International Office Undergraduate Scholarships, Vice Chancellor's International Attainment Scholarship, India Academic Excellence Award 2023 LLB Law Senior Status Scholarship, and Queen's Excellence Award.
The University of Edinburgh offers great and prestigious scholarships to international students to reduce the financial burden on the candidates. The scholarships are GREAT Scholarships 2023, and more.
Yes, the University of Brighton offers international students placement opportunities. The students are assisted in acquiring the practical knowledge and transferable skills that employers seek in new graduate hires. The top companies that come to hire students are American Express, British Airways, Nike, Rolls-Royce, and Nike.
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