E Ltd. Has allotted $10, 000$ shares to the applicants of $14, 000$ shares on pro-rata basis. The amount payable on application is Rs. $2$ . F applied for $420$ shares. The number carried forward for adjustment against allotment due from F.

60

shares; Rs.

120

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340

shares; Rs.

160

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320

shares; Rs.

200

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300

shares; Rs.

240

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Solution

The correct option is C $320$ shares; Rs. $200$
Answer is D.
14000 shares applied 10,000 shares allotted
So the ratio is 7:5
F applied for 420 shares.
F allotted = 4205/7 = 300
Application money received = 4202 = 840
Less: Application money actually to be received = 300*2 = (600)
Amount carried forward for adjustment = 240.

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