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E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?
- a)60 shares; Rs.120
- b)340 shares; Rs.160
- c)320 shares; Rs.200
- d)300 shares; Rs.240
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares o...
Given:
- Total shares allotted = 10,000
- Total shares applied for = 14,000
- Amount payable on application = Rs.2
- F applied for 420 shares
To Find:
- Number of shares allotted to F
- Amount carried forward for adjustment against allotment money due from F
Solution:
Step 1: Calculate the ratio of shares applied to shares allotted
The ratio of shares applied to shares allotted can be calculated using the formula:
Ratio = Total shares allotted / Total shares applied
Ratio = 10,000 / 14,000
Ratio = 5/7
Step 2: Calculate the shares allotted to F
The shares allotted to F can be calculated using the formula:
Shares allotted to F = Ratio * Shares applied by F
Shares allotted to F = (5/7) * 420
Shares allotted to F = 300
Step 3: Calculate the amount carried forward for adjustment
The amount carried forward for adjustment can be calculated using the formula:
Amount carried forward for adjustment = Shares allotted to F * Amount payable on application
Amount carried forward for adjustment = 300 * Rs.2
Amount carried forward for adjustment = Rs.600
Answer:
The number of shares allotted to F is 300 and the amount carried forward for adjustment against allotment money due from F is Rs.600. Therefore, the correct answer is option D) 300 shares; Rs.600.
- Total shares allotted = 10,000
- Total shares applied for = 14,000
- Amount payable on application = Rs.2
- F applied for 420 shares
To Find:
- Number of shares allotted to F
- Amount carried forward for adjustment against allotment money due from F
Solution:
Step 1: Calculate the ratio of shares applied to shares allotted
The ratio of shares applied to shares allotted can be calculated using the formula:
Ratio = Total shares allotted / Total shares applied
Ratio = 10,000 / 14,000
Ratio = 5/7
Step 2: Calculate the shares allotted to F
The shares allotted to F can be calculated using the formula:
Shares allotted to F = Ratio * Shares applied by F
Shares allotted to F = (5/7) * 420
Shares allotted to F = 300
Step 3: Calculate the amount carried forward for adjustment
The amount carried forward for adjustment can be calculated using the formula:
Amount carried forward for adjustment = Shares allotted to F * Amount payable on application
Amount carried forward for adjustment = 300 * Rs.2
Amount carried forward for adjustment = Rs.600
Answer:
The number of shares allotted to F is 300 and the amount carried forward for adjustment against allotment money due from F is Rs.600. Therefore, the correct answer is option D) 300 shares; Rs.600.
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E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer?
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E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer?.
E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer?.
Solutions for E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer?, a detailed solution for E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro rata basis. The amount payable on application is Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F = ?a)60 shares; Rs.120b)340 shares; Rs.160c)320 shares; Rs.200d)300 shares; Rs.240Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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