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X Ltd allotted 25 000 equity shares to the applicants of...

This question belongs to Commerce Accounting
Accounting
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X Ltd allotted 25,000 equity shares to the applicants of 36,000 shares for Rs. 10 each on pro-rata basis. A applied for 1800 equity shares. Shares allotted to him are . . . . . . . . and he had paid an application money of Rs. 5 per share . . . . . . . . is the excess amount received that can be utilised towards allotment money.

Answer & Solution
Correct Answer: Option B
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