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Based on below information you are required to answer the following questions:The directors of Bhagat and Company Ltd. issued 50,000 equity shares of ₹10 each at ₹ 12 per share, payable as ₹ 5 on application including the premium, ₹ 4 on allotment and the balance on final call. Applications were received for 70,000 shares out of which applications for 8,000 shares were rejected and their money was refunded. Money overpaid on application was applied towards sums due on allotment. All the money were duly received except from one shareholder holding 500 shares who failed to pay the final call money.What is the amount received on application of shares?What is the amount that will be transferred to the securities premium account?a)₹1,50,000b)₹1,00,000c)₹60,000d)₹40,000Correct 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 below information you are required to answer the following questions:The directors of Bhagat and Company Ltd. issued 50,000 equity shares of ₹10 each at ₹ 12 per share, payable as ₹ 5 on application including the premium, ₹ 4 on allotment and the balance on final call. Applications were received for 70,000 shares out of which applications for 8,000 shares were rejected and their money was refunded. Money overpaid on application was applied towards sums due on allotment. All the money were duly received except from one shareholder holding 500 shares who failed to pay the final call money.What is the amount received on application of shares?What is the amount that will be transferred to the securities premium account?a)₹1,50,000b)₹1,00,000c)₹60,000d)₹40,000Correct 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 below information you are required to answer the following questions:The directors of Bhagat and Company Ltd. issued 50,000 equity shares of ₹10 each at ₹ 12 per share, payable as ₹ 5 on application including the premium, ₹ 4 on allotment and the balance on final call. Applications were received for 70,000 shares out of which applications for 8,000 shares were rejected and their money was refunded. Money overpaid on application was applied towards sums due on allotment. All the money were duly received except from one shareholder holding 500 shares who failed to pay the final call money.What is the amount received on application of shares?What is the amount that will be transferred to the securities premium account?a)₹1,50,000b)₹1,00,000c)₹60,000d)₹40,000Correct answer is option 'B'. Can you explain this answer?.

Solutions for Based on below information you are required to answer the following questions:The directors of Bhagat and Company Ltd. issued 50,000 equity shares of ₹10 each at ₹ 12 per share, payable as ₹ 5 on application including the premium, ₹ 4 on allotment and the balance on final call. Applications were received for 70,000 shares out of which applications for 8,000 shares were rejected and their money was refunded. Money overpaid on application was applied towards sums due on allotment. All the money were duly received except from one shareholder holding 500 shares who failed to pay the final call money.What is the amount received on application of shares?What is the amount that will be transferred to the securities premium account?a)₹1,50,000b)₹1,00,000c)₹60,000d)₹40,000Correct 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 below information you are required to answer the following questions:The directors of Bhagat and Company Ltd. issued 50,000 equity shares of ₹10 each at ₹ 12 per share, payable as ₹ 5 on application including the premium, ₹ 4 on allotment and the balance on final call. Applications were received for 70,000 shares out of which applications for 8,000 shares were rejected and their money was refunded. Money overpaid on application was applied towards sums due on allotment. All the money were duly received except from one shareholder holding 500 shares who failed to pay the final call money.What is the amount received on application of shares?What is the amount that will be transferred to the securities premium account?a)₹1,50,000b)₹1,00,000c)₹60,000d)₹40,000Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Based on below information you are required to answer the following questions:The directors of Bhagat and Company Ltd. issued 50,000 equity shares of ₹10 each at ₹ 12 per share, payable as ₹ 5 on application including the premium, ₹ 4 on allotment and the balance on final call. Applications were received for 70,000 shares out of which applications for 8,000 shares were rejected and their money was refunded. Money overpaid on application was applied towards sums due on allotment. All the money were duly received except from one shareholder holding 500 shares who failed to pay the final call money.What is the amount received on application of shares?What is the amount that will be transferred to the securities premium account?a)₹1,50,000b)₹1,00,000c)₹60,000d)₹40,000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Based on below information you are required to answer the following questions:The directors of Bhagat and Company Ltd. issued 50,000 equity shares of ₹10 each at ₹ 12 per share, payable as ₹ 5 on application including the premium, ₹ 4 on allotment and the balance on final call. Applications were received for 70,000 shares out of which applications for 8,000 shares were rejected and their money was refunded. Money overpaid on application was applied towards sums due on allotment. All the money were duly received except from one shareholder holding 500 shares who failed to pay the final call money.What is the amount received on application of shares?What is the amount that will be transferred to the securities premium account?a)₹1,50,000b)₹1,00,000c)₹60,000d)₹40,000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Based on below information you are required to answer the following questions:The directors of Bhagat and Company Ltd. issued 50,000 equity shares of ₹10 each at ₹ 12 per share, payable as ₹ 5 on application including the premium, ₹ 4 on allotment and the balance on final call. Applications were received for 70,000 shares out of which applications for 8,000 shares were rejected and their money was refunded. Money overpaid on application was applied towards sums due on allotment. All the money were duly received except from one shareholder holding 500 shares who failed to pay the final call money.What is the amount received on application of shares?What is the amount that will be transferred to the securities premium account?a)₹1,50,000b)₹1,00,000c)₹60,000d)₹40,000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Based on below information you are required to answer the following questions:The directors of Bhagat and Company Ltd. issued 50,000 equity shares of ₹10 each at ₹ 12 per share, payable as ₹ 5 on application including the premium, ₹ 4 on allotment and the balance on final call. Applications were received for 70,000 shares out of which applications for 8,000 shares were rejected and their money was refunded. Money overpaid on application was applied towards sums due on allotment. All the money were duly received except from one shareholder holding 500 shares who failed to pay the final call money.What is the amount received on application of shares?What is the amount that will be transferred to the securities premium account?a)₹1,50,000b)₹1,00,000c)₹60,000d)₹40,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.