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

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

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 for 99,500 shares. 

On the basis of the above information, choose the correct option to the following question.

Question:-  Amount refunded will be ____________.

Option 1: Rs. 80,000

Option 2: Rs. 60,000

Option 3: Rs. 2,00,000

Option 4: None of theses

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 for 99,500 shares. 

On the basis of the above information, choose the correct option to the following question.

Question:-  Amount refunded will be ____________.

Option 1: Rs. 80,000

Option 2: Rs. 60,000

Option 3: Rs. 2,00,000

Option 4: None of theses

Question : Narain Ltd. invited applications for issuing 7,500, 12% Debentures of Rs.100 each at a premium of Rs.35 per debenture. The full amount was payable on application. Applications were received for 10,000 debentures. Applications for 2,500 debentures were rejected and the application money was refunded. Debentures were allotted to the remaining applicants. 

Bank account will be credited by _____________.

Option 1: Rs 3,37,500

Option 2: Rs 6,00,000

Option 3: Rs 4,00,000

Option 4: None of the above .