Allotment money due =50,000×5=2,50,000. Excess application money received on 10,000 shares =10,000×3=30,000 is adjusted against allotment. Net allotment received =2,50,000−30,000=2,20,000.
Select the amount received on Share Allotment Account -
CUET UG 2023 — Accountancy Company Accounts
2023mcqhard
Select the amount received on Share Allotment Account -
Official previous-year question
Held on 29 May 2023 · Verified 13 Jul 2026.
Options
- A
Rs. 2,50,000
- B
Rs. 1,50,000
- C
Rs. 2,20,000
- D
Rs. 3,00,000
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