Question : Airdrop Ltd. issued 1,00,000 Equity Shares of  Rs. 10 each on the following terms:

Rs. 3 payable on application,  Rs. 4 on allotment and the balance as decided. Applications were received for 1,40,000 Equity Shares. Allotment was made as under:

80.000 applications were given 80,000 Equity Shares,

50.000 applications were given 20,000 Equity Shares, and

10.000 applications were not allotted any share.

A shareholder who had applied for 1,000 Equity Shares and was allotted 1,000 shares did not pay the allotment money. His shares were forfeited.

Question:-  Amount received at the time of allotment ____________.

Option 1: Rs. 3,16,000

Option 2: Rs. 3,00,000

Option 3: Rs. 4,00,000

Option 4: Nil

Question : Airdrop Ltd. issued 1,00,000 Equity Shares of  Rs. 10 each on the following terms:

Rs. 3 payable on application,  Rs. 4 on allotment and the balance as decided. Applications were received for 1,40,000 Equity Shares. Allotment was made as under:

80.000 applications were given 80,000 Equity Shares,

50.000 applications were given 20,000 Equity Shares, and

10.000 applications were not allotted any share.

A shareholder who had applied for 1,000 Equity Shares and was allotted 1,000 shares did not pay the allotment money. His shares were forfeited.

Question:-  Amount received at the time of allotment ____________.

Option 1: Rs. 3,16,000

Option 2: Rs. 3,00,000

Option 3: Rs. 4,00,000

Option 4: Nil

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 : SK Ltd. invited applications for 3,20,000 equity shares of  Rs. 10 each at a premium of  Rs. 5 per share. The amount was payable as follows:

On application— Rs. 3 per share (including premium  Rs. 1 per share),

On allotment— Rs. 5 per share (including premium  Rs. 2 per share),

On first and final call—Balance.

Applications for 4,00,000 shares were received. Applications for 40,000 shares were rejected and application money refunded. Shares were allotted on pro rata basis to the remaining applicants. Excess money received with applications was adjusted towards sums due on allotment. Jeevan holding 800 shares failed to pay the allotment money and his shares were immediately forfeited. Afterwards, final call was made. Ganesh who had applied for 2,700 shares failed to pay the final call. His shares were also forfeited. Out of the forfeited shares, 1,500 shares were reissued at  Rs. 8 per share fully paid-up. The reissued shares included all the forfeited shares of Jeevan

Question:- Amount received at the time of allotment is ______.

Option 1: Rs.14,76,400

Option 2: Rs.14,76,300

Option 3: Rs.14,80,000

Option 4: Rs.16,00,000 

Question : SK Ltd. invited applications for 3,20,000 equity shares of  Rs. 10 each at a premium of  Rs. 5 per share. The amount was payable as follows:

On application— Rs. 3 per share (including premium  Rs. 1 per share),

On allotment— Rs. 5 per share (including premium  Rs. 2 per share),

On first and final call—Balance.

Applications for 4,00,000 shares were received. Applications for 40,000 shares were rejected and application money refunded. Shares were allotted on pro rata basis to the remaining applicants. Excess money received with applications was adjusted towards sums due on allotment. Jeevan holding 800 shares failed to pay the allotment money and his shares were immediately forfeited. Afterwards, final call was made. Ganesh who had applied for 2,700 shares failed to pay the final call. His shares were also forfeited. Out of the forfeited shares, 1,500 shares were reissued at  Rs. 8 per share fully paid-up. The reissued shares included all the forfeited shares of Jeevan

Question:- Amount received at the time of allotment is ______.

Option 1: Rs.14,76,400

Option 2: Rs.14,76,300

Option 3: Rs.14,80,000

Option 4: Rs.16,00,000