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This question belongs to Commerce Accounting
Accounting
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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

Answer & Solution
Correct Answer: Option D
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