CUET UGAccountsMCQ
Q6. Avtar Ltd. invited application for 80,000 shares of ₹10 each payable 5/-. on Application, 3/- on allotment and 2/- on call. Public had applied for 2,50,000 shares out of which application for 30,000 shares were rejected and remaining were allotted on pro-rata basis. Excess application money was adjusted against allotment only. Determine the amount to be refunded at the time of allotment of shares.

Choose an option

Related Questionsin Accounts

View all →

More from CUET UG

View all →

Browse CUET Questions by Subject

Practice More CUET UG Questions

Explore more questions and study resources