Q1874
A Ltd has allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis, The amount payable an application is Rs. 2. Mr. X applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from X is
A.
60 shares, Rs. 120
B.
320 shares, Rs. 200
C.
340 shares, Rs. 160
D.
300 shares, Rs. 240
AnswerAnswer: Option D
Solution
Answer: Option D
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