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As a director u hade invited application for 30000 equity share of rp10 each at premium of rp 2 pr share application noney received @rp2 pr share was 72000 .list the alternatives

Posted by Purshotam Lal Girdhar 4 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Harsh Rana 4 years, 8 months ago

Tell me why you divide 72000 by 2

Harshit Mishra 4 years, 8 months ago

Application money recived per share is Rs. 2 and the total money recived is 72000 so devide 72000 by 2 i.e. 36000 therefore the shares are oversubscribed by 6000 because the company has issued only 30000 shares for subscription Now if we go further the company has two options that is i) they can reject the applications for 6000 shares or ii) they can be alloted on the pro rata bassis

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