Avtar Ltd. invited application for 80,000 shares of Rs10 each payable Rs5/-. on Application, Rs3/-on allotment and Rs 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.
(
This question was previously asked in
Shift 01/06/2023 8:30 AM - 11:30 AM
A
Rs1,50,000
B
Rs6,10,000
C
Rs4,60,000
D
Rs4,50,000
Correct Answer
Rs6,10,000
Detailed Explanation
Get Dubuddy App
Practice on the go with our mobile app
More CUET Questions
1
Calls in advance is shown as in the Company's Balance Sheet.
(
2
Select the command that allows to reverse an undo command.
(
3
A and B share profits and losses in the ratio of 2: 1. They admit C as partner with 1th share in 4
profits with a guarantee that his share of profit shall be at least 50,000. The net profit of the firm for the year ending March 31st, 2022 was 2,40,000, Determine C's share in profits.
(1) 50,000
(2) 60,000
(3) 40,000
(4) 30,000
4
The current ratio of a firm is 3: 1. Identify how the payment of current liability will affect it.
(1) Improve current ratio
(2) Reduce current ratio
(3) No change in current ratio
(4) Will effect the solvency ratio
Test Series
CUET Subjects
Your CUET Journey Starts with DuBuddy
CUET ki Practice Means DuBuddy Pe Practice