Prorata allotment: 60,000 applications get 40,000 shares (3 : 2 ratio).
Excess application money = (60,000 minus 40,000) times Rs. 4 = 20,000 times 4 = Rs. 80,000, adjusted with allotment.
The amount to be adjusted with the call of allotment will be :
CUET UG 2022 — Accountancy Company Accounts
2022mcqmedium
The amount to be adjusted with the call of allotment will be :
Official previous-year question
Held on 23 Aug 2022 · Verified 13 Jul 2026.
Options
- A
Rs. 1,20,000
- B
Rs. 80,000
- C
Rs. 1,60,000
- D
Rs. 2,40,000
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