If applicants for 80,000 shares were allotted 60,000 shares on prorata basis, the shareholder who was allotted 1,200 shares must have applied for :
A) 900 Shares
B) 3,600 Shares
C) 1,600 Shares
D) 4,800 Shares
Correct Answer:
Verified
Q15: Share Application Account is in the nature
Q16: If vendors are issued fully paid shares
Q17: Premium on the issue of shares should
Q18: From which account, expenses on issue of
Q19: Pro-rata allotment of shares is made when
Q21: If 500 shares of 10 issued at
Q22: Discount allowed on re-issue of forfeited shares
Q23: The balance of the forfeited shares account
Q24: Madhu Ltd. forfeited 800 shares of `10
Q25: Debenture holders are :
A)Owners of the Company
B)Debtors
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