Question : Inviting applications for the subscription of 10,000 equity shares worth Rs. 10 each by Raj Limited. 20,000 share applications were received. This circumstance is known as __________.

Option 1: Oversubscription of Shares

Option 2: Under subscription of shares

Option 3: Full allotment of shares

Option 4: Pro rata allotment of shares

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 : X Ltd. issued 20,000 shares of  Rs. 10 each payable as follows:
On application Rs. 6 and balance on allotment. Applications were received for 32,500 shares and pro rata allotment was made to the applicants of 25,000 shares. All the shareholders have paid the amount due up to allotment except X the allottee of 4,000 shares.

Question:- Calculate the amount due but not paid by X.

Option 1: Rs.10,000

Option 2: Rs.20,000

Option 3: Rs.16,000

Option 4: Rs.6,000

Question : X Ltd. issued 20,000 shares of  Rs. 10 each payable as follows:
On application Rs. 6 and balance on allotment. Applications were received for 32,500 shares and pro rata allotment was made to the applicants of 25,000 shares. All the shareholders have paid the amount due up to allotment except X the allottee of 4,000 shares.

Question:- Calculate the amount due but not paid by X.

Option 1: Rs.10,000

Option 2: Rs.20,000

Option 3: Rs.16,000

Option 4: Rs.6,000

Question : X Ltd. issued 20,000 shares of Rs. 10 each payable as follows:

On application Rs. 6 and balance on allotment. Applications were received for 32,500 shares and pro rata allotment was made to the applicants of 25,000 shares. All the shareholders have paid the amount due up to allotment except X the allottee of 4,000 shares.

(i) Calculate amount due but not paid by X.

(ii) Calculate allotment money received later.

Option 1: Rs. 10,000 and Rs. 40,000

Option 2: Rs. 10,000 and Rs. 50,000

Option 3: Rs. 5,000 and Rs. 45,000

Option 4: Rs. 10,000 and Rs. 60,000