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Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.What amount is received at the time of first and final call?a)₹3,00,000b)₹2,50,000c)₹3,50,000d)₹2,75,000Correct answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.What amount is received at the time of first and final call?a)₹3,00,000b)₹2,50,000c)₹3,50,000d)₹2,75,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.What amount is received at the time of first and final call?a)₹3,00,000b)₹2,50,000c)₹3,50,000d)₹2,75,000Correct answer is option 'B'. Can you explain this answer?.

Solutions for Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.What amount is received at the time of first and final call?a)₹3,00,000b)₹2,50,000c)₹3,50,000d)₹2,75,000Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.What amount is received at the time of first and final call?a)₹3,00,000b)₹2,50,000c)₹3,50,000d)₹2,75,000Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.What amount is received at the time of first and final call?a)₹3,00,000b)₹2,50,000c)₹3,50,000d)₹2,75,000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.What amount is received at the time of first and final call?a)₹3,00,000b)₹2,50,000c)₹3,50,000d)₹2,75,000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.What amount is received at the time of first and final call?a)₹3,00,000b)₹2,50,000c)₹3,50,000d)₹2,75,000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.What amount is received at the time of first and final call?a)₹3,00,000b)₹2,50,000c)₹3,50,000d)₹2,75,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.