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If a company issued 50000 shares …

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If a company issued 50000 shares for which 80000 applicants were received and letters of regreat was issued for 15000 shares. Full allotment was made on applicants for 20000 shares . Pro rata was made on balance ..what is meant by the question??

Posted by Rohan Gurung 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Shivam Yadav 8 years, 2 months ago

The applicants of 15000 get nothing,applicants of 20000 have alloted full 20000 shares and applicants of 45000 get allotment of 30000 shares If you sum all the applicants it's been 80000 and sum of allments is 50000 excess amount has been adjusted towards bank and allotment

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