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Jayshree company limited issued 60000 equity shares of rupees 10 each at discount of 10% in public. Patients were received three times more shares were allotted as under: To give full allotment to application applicants for 20000 shares To allot the remaining shares Pro rata among other applicants Money overpaid on applicants was employed on account of some due to allotment. An application 2 rupees, on allotment 2.50 rupees on first call 2.50 rupees on final call 2 rupees?
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Jayshree company limited issued 60000 equity shares of rupees 10 each ...
Solution:
Issuance of Equity Shares:
- Jayshree company limited issued 60000 equity shares of rupees 10 each at a discount of 10% in public.
Allotment of Shares:
- Patients were received three times more shares.
- Allotment of shares was made in two parts:
- Full allotment to application applicants for 20000 shares.
- Pro rata allotment to other applicants for remaining shares.
Calculation of Pro Rata Allotment:
- Total shares applied for = 40000 (60000*3/5)
- Total shares available for pro rata allotment = 40000 - 20000 = 20000
- Total amount paid by all applicants = (20000*2) + (20000*2.50) = 90000
- Amount available for pro rata allotment = 60000 - (20000*10) + 90000 = 130000
- Rate of pro rata allotment = 130000/20000 = 6.5
- Pro rata allotment per share = 6.5 - 10% of 10 = 5.5
Allotment and Call Money:
- On full allotment, the applicants paid 2 rupees per share.
- On allotment, applicants paid 2.50 rupees per share.
- On the first call, 2.50 rupees per share was paid.
- On the final call, 2 rupees per share was paid.
Utilization of Overpaid Amount:
- The excess amount received from applicants was used to adjust the amount due on allotment.
Final Calculation:
- Total amount received from applicants = (20000*2) + (20000*2.50) + (20000*2.50) + (20000*2) = 130000
- Total amount due on allotment = (20000*5.5) - (20000*1) = 90000
- Total amount adjusted from excess received = 130000 - 90000 = 40000
- Amount due on first call = (40000*1) = 40000
- Amount due on final call = (40000*1) = 40000
Conclusion:
- Jayshree company limited issued 60000 equity shares of rupees 10 each at a discount of 10% in public.
- Patients were received three times more shares.
- Allotment of shares was made in two parts.
- Pro rata allotment was calculated based on the amount paid by applicants.
- Applicants paid different amounts on full allotment, allotment, and call money.
- The excess amount received from applicants was used to adjust the amount due on allotment.
- Final calculation shows the amount due on call money.
Issuance of Equity Shares:
- Jayshree company limited issued 60000 equity shares of rupees 10 each at a discount of 10% in public.
Allotment of Shares:
- Patients were received three times more shares.
- Allotment of shares was made in two parts:
- Full allotment to application applicants for 20000 shares.
- Pro rata allotment to other applicants for remaining shares.
Calculation of Pro Rata Allotment:
- Total shares applied for = 40000 (60000*3/5)
- Total shares available for pro rata allotment = 40000 - 20000 = 20000
- Total amount paid by all applicants = (20000*2) + (20000*2.50) = 90000
- Amount available for pro rata allotment = 60000 - (20000*10) + 90000 = 130000
- Rate of pro rata allotment = 130000/20000 = 6.5
- Pro rata allotment per share = 6.5 - 10% of 10 = 5.5
Allotment and Call Money:
- On full allotment, the applicants paid 2 rupees per share.
- On allotment, applicants paid 2.50 rupees per share.
- On the first call, 2.50 rupees per share was paid.
- On the final call, 2 rupees per share was paid.
Utilization of Overpaid Amount:
- The excess amount received from applicants was used to adjust the amount due on allotment.
Final Calculation:
- Total amount received from applicants = (20000*2) + (20000*2.50) + (20000*2.50) + (20000*2) = 130000
- Total amount due on allotment = (20000*5.5) - (20000*1) = 90000
- Total amount adjusted from excess received = 130000 - 90000 = 40000
- Amount due on first call = (40000*1) = 40000
- Amount due on final call = (40000*1) = 40000
Conclusion:
- Jayshree company limited issued 60000 equity shares of rupees 10 each at a discount of 10% in public.
- Patients were received three times more shares.
- Allotment of shares was made in two parts.
- Pro rata allotment was calculated based on the amount paid by applicants.
- Applicants paid different amounts on full allotment, allotment, and call money.
- The excess amount received from applicants was used to adjust the amount due on allotment.
- Final calculation shows the amount due on call money.
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Jayshree company limited issued 60000 equity shares of rupees 10 each at discount of 10% in public. Patients were received three times more shares were allotted as under: To give full allotment to application applicants for 20000 shares To allot the remaining shares Pro rata among other applicants Money overpaid on applicants was employed on account of some due to allotment. An application 2 rupees, on allotment 2.50 rupees on first call 2.50 rupees on final call 2 rupees?
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Jayshree company limited issued 60000 equity shares of rupees 10 each at discount of 10% in public. Patients were received three times more shares were allotted as under: To give full allotment to application applicants for 20000 shares To allot the remaining shares Pro rata among other applicants Money overpaid on applicants was employed on account of some due to allotment. An application 2 rupees, on allotment 2.50 rupees on first call 2.50 rupees on final call 2 rupees? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Jayshree company limited issued 60000 equity shares of rupees 10 each at discount of 10% in public. Patients were received three times more shares were allotted as under: To give full allotment to application applicants for 20000 shares To allot the remaining shares Pro rata among other applicants Money overpaid on applicants was employed on account of some due to allotment. An application 2 rupees, on allotment 2.50 rupees on first call 2.50 rupees on final call 2 rupees? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Jayshree company limited issued 60000 equity shares of rupees 10 each at discount of 10% in public. Patients were received three times more shares were allotted as under: To give full allotment to application applicants for 20000 shares To allot the remaining shares Pro rata among other applicants Money overpaid on applicants was employed on account of some due to allotment. An application 2 rupees, on allotment 2.50 rupees on first call 2.50 rupees on final call 2 rupees?.
Jayshree company limited issued 60000 equity shares of rupees 10 each at discount of 10% in public. Patients were received three times more shares were allotted as under: To give full allotment to application applicants for 20000 shares To allot the remaining shares Pro rata among other applicants Money overpaid on applicants was employed on account of some due to allotment. An application 2 rupees, on allotment 2.50 rupees on first call 2.50 rupees on final call 2 rupees? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Jayshree company limited issued 60000 equity shares of rupees 10 each at discount of 10% in public. Patients were received three times more shares were allotted as under: To give full allotment to application applicants for 20000 shares To allot the remaining shares Pro rata among other applicants Money overpaid on applicants was employed on account of some due to allotment. An application 2 rupees, on allotment 2.50 rupees on first call 2.50 rupees on final call 2 rupees? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Jayshree company limited issued 60000 equity shares of rupees 10 each at discount of 10% in public. Patients were received three times more shares were allotted as under: To give full allotment to application applicants for 20000 shares To allot the remaining shares Pro rata among other applicants Money overpaid on applicants was employed on account of some due to allotment. An application 2 rupees, on allotment 2.50 rupees on first call 2.50 rupees on final call 2 rupees?.
Solutions for Jayshree company limited issued 60000 equity shares of rupees 10 each at discount of 10% in public. Patients were received three times more shares were allotted as under: To give full allotment to application applicants for 20000 shares To allot the remaining shares Pro rata among other applicants Money overpaid on applicants was employed on account of some due to allotment. An application 2 rupees, on allotment 2.50 rupees on first call 2.50 rupees on final call 2 rupees? in English & in Hindi are available as part of our courses for B Com.
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