The total amount for the share application is the number of application divided by the application amount per share.

True

No worries! We‘ve got your back. Try BYJU‘S free classes today!

False

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

Suggest Corrections

Similar questions

The total amount for the share application is ___

A company invited applications for 20,000 shares and received the applications for 25,000 shares. The directors rejected the applications for 5,000 shares. Amount paid on application was Rs 10 per share. How much amount shall be refunded?

Q. 'Samta Limited invited applications for issuing

6, 750

equity shares of

R s 10

each. The amount was payable as follows : On application -

R s 3

per share
On allotment -

R s 5

per share
On first and final call -

R s 2

per share
The issue was fully subscribed. Subhash applied for

250

shares and paid his entire share money with application. Moti applied for

175

shares and paid allotment money also with application. The amount received with applications was :

Q. Shiril Ltd. had allotted 40,000 shares to the applicants of ₹56,000 shares on a pro rata basis. The amount payable on application is ₹2 per share. Mahira applied for 1,680 shares. Calculate the number of shares allotted to Mahira:

[2 marks]

Q. Supreme ltd. Has allotted

5000

shares to the applicants of

7500

shares on pro-rata basis. The amount on application is Rs.

3

per share. M applied for

600

shares. The number of shares allotted to M will be and the amount carried forward for adjustment against allotment money from M will be __________.

Join BYJU'S Learning Program