Question:
X Ltd. invited applications for 90,000 equity shares of ₹ 100 each. Applications for 2,00,000 shares were received. 5,000 shares applicant paid full amount with application. Allotment = ₹50, Application = ₹20, Final Call = ₹30.
X Ltd. invited applications for 90,000 equity shares of ₹ 100 each. Applications for 2,00,000 shares were received. 5,000 shares applicant paid full amount with application. Allotment = ₹50, Application = ₹20, Final Call = ₹30.
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Always add any excess payment with application when shares are overpaid.
Updated On: Jul 8, 2025
- ₹ 44,00,000
- ₹ 40,00,000
- ₹ 18,00,000
- ₹ 90,00,000
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The Correct Option is A
Solution and Explanation
Normal applications = 1,95,000 × ₹20 = ₹39,00,000
Full money by 5,000 shares = ₹100 × 5,000 = ₹5,00,000
Total = ₹39,00,000 + ₹5,00,000 = ₹44,00,000
Full money by 5,000 shares = ₹100 × 5,000 = ₹5,00,000
Total = ₹39,00,000 + ₹5,00,000 = ₹44,00,000
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