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LoginJaya Ltd., issued 60,000 shares of Rs. 10 each at a premium of Rs. 2 per share payable as Rs. 3 on Application, Rs. 5 (Including premium) on Allotment and the balance on first and final call. Applications were recived for 82,000 shares. The Directors resolved to allot as follows :
{:((A),"Applicants of 30,000 shares","20,000 shares"),((B),"Applicants of 50,000 shares","40,000 shares"),((C ),"Applicants of 2,000 shares","Nil"):}
Ramesh who had applied for 900 shares in catagory (A), and Suresh who was allotted 600 shares in category (B) failed to pay the allotment money. Calculate the amount received on Allotment.
Class 12 Accounts in Class 12 3 years ago
Posted on 04 Dec 2021, this text provides information on Class 12 related to Accounts in Class 12. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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