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Doubt in company acc
E ltd had allotted 10000 shares to the applicants of 14000 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?
Replies (1)
As shares are alloted on 7:5 basis,F has applied for 120 shares extra. So the amount Rs.240(120*2) will be adjusted against Allotment.
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