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Aditya Ltd. issued 50,000 equity shares of Rs. 10 each for subscription. 40,000 shares were subscribed by the public by paying Rs. 3 as application money. Number of shares allotted to public by Aditya Ltd. will be:
- a)50,000 equity shares.
- b)40,000 equity shares.
- c)30,000 equity shares.
- d)10,000 equity shares.
Correct answer is option 'B'. Can you explain this answer?
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Aditya Ltd. issued 50,000 equity shares of Rs. 10 each for subscriptio...
Calculation of shares allotted to public
Application money
- Application money is the amount paid by investors while applying for shares.
- In this case, the public paid Rs. 3 as application money for each share.
Amount received on application
- Amount received on application is calculated by multiplying the number of shares subscribed by the application money.
- In this case, amount received on application is 40,000 shares x Rs. 3 = Rs. 1,20,000.
Share allotment
- Share allotment is the process of allocating shares to investors who have applied for them.
- In this case, the company has issued 50,000 equity shares, out of which 40,000 shares have been subscribed by the public.
- Therefore, the company will allot 40,000 shares to the public.
Conclusion
- The correct answer is option B, i.e., 40,000 equity shares.
Application money
- Application money is the amount paid by investors while applying for shares.
- In this case, the public paid Rs. 3 as application money for each share.
Amount received on application
- Amount received on application is calculated by multiplying the number of shares subscribed by the application money.
- In this case, amount received on application is 40,000 shares x Rs. 3 = Rs. 1,20,000.
Share allotment
- Share allotment is the process of allocating shares to investors who have applied for them.
- In this case, the company has issued 50,000 equity shares, out of which 40,000 shares have been subscribed by the public.
- Therefore, the company will allot 40,000 shares to the public.
Conclusion
- The correct answer is option B, i.e., 40,000 equity shares.
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Aditya Ltd. issued 50,000 equity shares of Rs. 10 each for subscriptio...
Yes, the answer is option B because in this question it is asked that how many shares were alloted to public Or how are suscribed by the public.
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Aditya Ltd. issued 50,000 equity shares of Rs. 10 each for subscription. 40,000 shares were subscribed by the public by paying Rs. 3 as application money. Number of shares allotted to public by Aditya Ltd. will be:a)50,000 equity shares.b)40,000 equity shares.c)30,000 equity shares.d)10,000 equity shares.Correct answer is option 'B'. Can you explain this answer?
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Aditya Ltd. issued 50,000 equity shares of Rs. 10 each for subscription. 40,000 shares were subscribed by the public by paying Rs. 3 as application money. Number of shares allotted to public by Aditya Ltd. will be:a)50,000 equity shares.b)40,000 equity shares.c)30,000 equity shares.d)10,000 equity shares.Correct 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 Aditya Ltd. issued 50,000 equity shares of Rs. 10 each for subscription. 40,000 shares were subscribed by the public by paying Rs. 3 as application money. Number of shares allotted to public by Aditya Ltd. will be:a)50,000 equity shares.b)40,000 equity shares.c)30,000 equity shares.d)10,000 equity shares.Correct 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 Aditya Ltd. issued 50,000 equity shares of Rs. 10 each for subscription. 40,000 shares were subscribed by the public by paying Rs. 3 as application money. Number of shares allotted to public by Aditya Ltd. will be:a)50,000 equity shares.b)40,000 equity shares.c)30,000 equity shares.d)10,000 equity shares.Correct answer is option 'B'. Can you explain this answer?.
Aditya Ltd. issued 50,000 equity shares of Rs. 10 each for subscription. 40,000 shares were subscribed by the public by paying Rs. 3 as application money. Number of shares allotted to public by Aditya Ltd. will be:a)50,000 equity shares.b)40,000 equity shares.c)30,000 equity shares.d)10,000 equity shares.Correct 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 Aditya Ltd. issued 50,000 equity shares of Rs. 10 each for subscription. 40,000 shares were subscribed by the public by paying Rs. 3 as application money. Number of shares allotted to public by Aditya Ltd. will be:a)50,000 equity shares.b)40,000 equity shares.c)30,000 equity shares.d)10,000 equity shares.Correct 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 Aditya Ltd. issued 50,000 equity shares of Rs. 10 each for subscription. 40,000 shares were subscribed by the public by paying Rs. 3 as application money. Number of shares allotted to public by Aditya Ltd. will be:a)50,000 equity shares.b)40,000 equity shares.c)30,000 equity shares.d)10,000 equity shares.Correct answer is option 'B'. Can you explain this answer?.
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