CA Foundation Exam > CA Foundation Questions > Zebra Ltd invites applications for 50,000 sha...
Start Learning for Free
Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.
- a)Rs. 100
- b)Rs. 160
- c)Rs. 240
- d)Rs. 80
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Zebra Ltd invites applications for 50,000 shares for which 2/- per sha...
1st find the no. of shares applied by Mr. Lion , as it is said that pro-rata allotment is made .
Formula to find applied :
no. of sh. alloted to lion ×
no. of sh. alloted by firm ÷
no. of shares issued by the firm .
given:
no. of shares issued by firm =50,000
no. of shares subscribed = 80,000
no. of shares allotted by firm = 70,000
application =RS. 2
no. of shares allotted to lion = 200
(using formula)
Lion applied for= 200×70000/50000= 280 shares
therefore ., Lion applied for 280 sh. and he got allotted for 200 shares . This excess amount paid by lion is for 80 shares (280-200)
Amount adjusted = 80*2= 160
Formula to find applied :
no. of sh. alloted to lion ×
no. of sh. alloted by firm ÷
no. of shares issued by the firm .
given:
no. of shares issued by firm =50,000
no. of shares subscribed = 80,000
no. of shares allotted by firm = 70,000
application =RS. 2
no. of shares allotted to lion = 200
(using formula)
Lion applied for= 200×70000/50000= 280 shares
therefore ., Lion applied for 280 sh. and he got allotted for 200 shares . This excess amount paid by lion is for 80 shares (280-200)
Amount adjusted = 80*2= 160
Free Test
FREE
| Start Free Test |
Community Answer
Zebra Ltd invites applications for 50,000 shares for which 2/- per sha...
Given:
- Zebra Ltd invites applications for 50,000 shares.
- The application money payable per share is Rs. 2/-.
- Applications received for 80,000 shares.
- 70,000 shares are allotted on a pro-rata basis.
To find:
The amount of application money that will be adjusted to allotment when Mr. Lion is allotted 200 shares.
Solution:
1. Calculation of total application money received:
Total shares for which applications are received = 80,000 shares
Application money per share = Rs. 2/-
Total application money received = Total shares * Application money per share
Total application money received = 80,000 shares * Rs. 2/-
Total application money received = Rs. 1,60,000/-
2. Calculation of shares allotted on a pro-rata basis:
Total shares for which applications are received = 80,000 shares
Total shares available for allotment = 50,000 shares
Ratio of shares allotted = Total shares available for allotment / Total shares for which applications are received
Ratio of shares allotted = 50,000 shares / 80,000 shares
Ratio of shares allotted = 5/8
Shares allotted to Mr. Lion = 200 shares
Shares allotted on a pro-rata basis = Ratio of shares allotted * Shares allotted to Mr. Lion
Shares allotted on a pro-rata basis = 5/8 * 200 shares
Shares allotted on a pro-rata basis = 125 shares
3. Calculation of application money adjusted to allotment:
Application money adjusted to allotment = Shares allotted on a pro-rata basis * Application money per share
Application money adjusted to allotment = 125 shares * Rs. 2/-
Application money adjusted to allotment = Rs. 250/-
Therefore, the application money that will be adjusted to allotment when Mr. Lion is allotted 200 shares is Rs. 250/-. Thus, the correct answer is option 'B' - Rs. 160.
- Zebra Ltd invites applications for 50,000 shares.
- The application money payable per share is Rs. 2/-.
- Applications received for 80,000 shares.
- 70,000 shares are allotted on a pro-rata basis.
To find:
The amount of application money that will be adjusted to allotment when Mr. Lion is allotted 200 shares.
Solution:
1. Calculation of total application money received:
Total shares for which applications are received = 80,000 shares
Application money per share = Rs. 2/-
Total application money received = Total shares * Application money per share
Total application money received = 80,000 shares * Rs. 2/-
Total application money received = Rs. 1,60,000/-
2. Calculation of shares allotted on a pro-rata basis:
Total shares for which applications are received = 80,000 shares
Total shares available for allotment = 50,000 shares
Ratio of shares allotted = Total shares available for allotment / Total shares for which applications are received
Ratio of shares allotted = 50,000 shares / 80,000 shares
Ratio of shares allotted = 5/8
Shares allotted to Mr. Lion = 200 shares
Shares allotted on a pro-rata basis = Ratio of shares allotted * Shares allotted to Mr. Lion
Shares allotted on a pro-rata basis = 5/8 * 200 shares
Shares allotted on a pro-rata basis = 125 shares
3. Calculation of application money adjusted to allotment:
Application money adjusted to allotment = Shares allotted on a pro-rata basis * Application money per share
Application money adjusted to allotment = 125 shares * Rs. 2/-
Application money adjusted to allotment = Rs. 250/-
Therefore, the application money that will be adjusted to allotment when Mr. Lion is allotted 200 shares is Rs. 250/-. Thus, the correct answer is option 'B' - Rs. 160.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer?
Question Description
Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer?.
Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer?.
Solutions for Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applications received for 80,000 shares and 70,000 shares are allotted on prorata basis. How much application money will be adjusted to allotment, when Mr.Lion who has allotted 200 shares.a)Rs. 100b)Rs. 160c)Rs. 240d)Rs. 80Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup