Question : Wasim Ltd. had allotted 5,000 shares to the applicants of 6,000 shares on pro-rata basis. The amount payable on application is Rs.3 per share. S applied for 300 shares. The amount carried forward for adjustment against allotment money due:

Option 1: Rs.200

Option 2: Rs.150

Option 3: Rs.300

Option 4: Rs.250

Question : A Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis. The amount payable on application was Rs.2 per share. M applied for 840 shares. The number of shares allotted will be:

Option 1: 120 shares

Option 2: 680 shares

Option 3: 640 shares

Option 4: 600 shares

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 received on application was to be adjusted against allotment only. A shareholder who applied for 6,000 shares, could not pay the call money and his shares were accordingly forfeited.

Question:- Number of shares allotted to A.

Option 1: 2,500

Option 2: 6,000

Option 3: 3,000

Option 4: 2,000

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 received on application was to be adjusted against allotment only. A shareholder who applied for 6,000 shares, could not pay the call money and his shares were accordingly forfeited.

Question:- Number of shares allotted to A.

Option 1: 2,500

Option 2: 6,000

Option 3: 3,000

Option 4: 2,000

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 received on application was to be adjusted against allotment only. A shareholder who applied for 6,000 shares, could not pay the call money and his shares were accordingly forfeited.

Question:- Excess application money adjusted against the amount due on allotment is _____.

Option 1: Rs. 3,60,000

Option 2: Rs. 1,20,000

Option 3: Rs. 2,10,000

Option 4: None of these

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 received on application was to be adjusted against allotment only. A shareholder who applied for 6,000 shares, could not pay the call money and his shares were accordingly forfeited.

Question:- Excess application money adjusted against the amount due on allotment is _____.

Option 1: Rs. 3,60,000

Option 2: Rs. 1,20,000

Option 3: Rs. 2,10,000

Option 4: None of these