Issued debentures=20,000, Subscribed debentures=30,000 Application money=Rs.40 each
should be refunded if the company decides to refund the excess.

Rs 8,00,000

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Rs 12,00,000

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Rs 4,00,000

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Rs 30,00,000

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Solution

The correct option is C Rs 4,00,000
Excess applications
= Subscribed debentures - Issued debentures
= 30,000 - 20,000
= 10,000 applications

The money to be refunded
= Excess applications * Application money per debenture
= 10,000 * 40
= Rs 4,00,000

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Issued debentures=20,000, Subscribed debentures=30,000 Application money=Rs.40 each should be refunded if the company decides to refund the excess.

The correct option is C Rs 4,00,000Excess applications = Subscribed debentures - Issued debentures = 30,000 - 20,000 = 10,000 applications The money to be refunded = Excess applications * Application money per debenture = 10,000 * 40 = Rs 4,00,000

Issued debentures=20,000, Subscribed debentures=30,000 Application money=Rs.40 each
should be refunded if the company decides to refund the excess.

The correct option is C Rs 4,00,000
Excess applications
= Subscribed debentures - Issued debentures
= 30,000 - 20,000
= 10,000 applications

The money to be refunded
= Excess applications * Application money per debenture
= 10,000 * 40
= Rs 4,00,000