{"id":50460,"date":"2024-04-15T23:10:38","date_gmt":"2024-04-15T23:10:38","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=50460"},"modified":"2024-04-15T23:10:38","modified_gmt":"2024-04-15T23:10:38","slug":"mr-smith-applied-for-200-shares-at-rs-10-per-share-but-160-shares-were-alloted-to-him-after-paying-rs-2-per-share-on-application-he-did-not-pay-the-allotment-money-of-rs-2-per-share-and-first-ca","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/mr-smith-applied-for-200-shares-at-rs-10-per-share-but-160-shares-were-alloted-to-him-after-paying-rs-2-per-share-on-application-he-did-not-pay-the-allotment-money-of-rs-2-per-share-and-first-ca\/","title":{"rendered":"Mr. Smith applied for 200 shares at Rs. 10 per share, but 160 shares were alloted to him. After paying Rs. 2 per share on application he did not pay the allotment money of Rs. 2 per share and first call money of Rs. 3 per share. What is the outstanding amount on the shares alloted to Mr. Smith?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 800&#8243; option2=&#8221;Rs. 1,280&#8243; option3=&#8221;Rs. 320&#8243; option4=&#8221;Rs. 720&#8243; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is C. Rs. 320.<\/p>\n<p>Explanation:<br \/>\nMr. Smith applied for 200 shares at Rs. 10 per share, but 160 shares were allotted to him. So, the total amount he paid on application is 200 shares * Rs. 2 per share = Rs. 400.<br \/>\nAfter paying Rs. 2 per share on application, he did not pay the allotment money of Rs. 2 per share and first call money of Rs. 3 per share. So, the outstanding amount on the shares allotted to Mr. Smith is 160 shares * Rs. 2 per share + 160 shares * Rs. 3 per share = Rs. 320.<\/p>\n<p>Option A is incorrect because it is the total amount Mr. Smith paid on application.<br \/>\nOption B is incorrect because it is the total amount Mr. Smith would have paid if he had paid the allotment money and first call money.<br \/>\nOption D is incorrect because it is the total amount Mr. Smith would have paid if he had paid the allotment money, first call money, and final call money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 800&#8243; option2=&#8221;Rs. 1,280&#8243; option3=&#8221;Rs. 320&#8243; option4=&#8221;Rs. 720&#8243; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-50460","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mr. Smith applied for 200 shares at Rs. 10 per share, but 160 shares were alloted to him. After paying Rs. 2 per share on application he did not pay the allotment money of Rs. 2 per share and first call money of Rs. 3 per share. What is the outstanding amount on the shares alloted to Mr. Smith?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/mr-smith-applied-for-200-shares-at-rs-10-per-share-but-160-shares-were-alloted-to-him-after-paying-rs-2-per-share-on-application-he-did-not-pay-the-allotment-money-of-rs-2-per-share-and-first-ca\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mr. Smith applied for 200 shares at Rs. 10 per share, but 160 shares were alloted to him. After paying Rs. 2 per share on application he did not pay the allotment money of Rs. 2 per share and first call money of Rs. 3 per share. What is the outstanding amount on the shares alloted to Mr. Smith?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 800&#8243; option2=&#8221;Rs. 1,280&#8243; option3=&#8221;Rs. 320&#8243; option4=&#8221;Rs. 720&#8243; correct=&#8221;option3&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/mr-smith-applied-for-200-shares-at-rs-10-per-share-but-160-shares-were-alloted-to-him-after-paying-rs-2-per-share-on-application-he-did-not-pay-the-allotment-money-of-rs-2-per-share-and-first-ca\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T23:10:38+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mr. Smith applied for 200 shares at Rs. 10 per share, but 160 shares were alloted to him. After paying Rs. 2 per share on application he did not pay the allotment money of Rs. 2 per share and first call money of Rs. 3 per share. What is the outstanding amount on the shares alloted to Mr. Smith?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/mr-smith-applied-for-200-shares-at-rs-10-per-share-but-160-shares-were-alloted-to-him-after-paying-rs-2-per-share-on-application-he-did-not-pay-the-allotment-money-of-rs-2-per-share-and-first-ca\/","og_locale":"en_US","og_type":"article","og_title":"Mr. Smith applied for 200 shares at Rs. 10 per share, but 160 shares were alloted to him. After paying Rs. 2 per share on application he did not pay the allotment money of Rs. 2 per share and first call money of Rs. 3 per share. What is the outstanding amount on the shares alloted to Mr. Smith?","og_description":"[amp_mcq option1=&#8221;Rs. 800&#8243; option2=&#8221;Rs. 1,280&#8243; option3=&#8221;Rs. 320&#8243; option4=&#8221;Rs. 720&#8243; correct=&#8221;option3&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/mr-smith-applied-for-200-shares-at-rs-10-per-share-but-160-shares-were-alloted-to-him-after-paying-rs-2-per-share-on-application-he-did-not-pay-the-allotment-money-of-rs-2-per-share-and-first-ca\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T23:10:38+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/mr-smith-applied-for-200-shares-at-rs-10-per-share-but-160-shares-were-alloted-to-him-after-paying-rs-2-per-share-on-application-he-did-not-pay-the-allotment-money-of-rs-2-per-share-and-first-ca\/","url":"https:\/\/exam.pscnotes.com\/mcq\/mr-smith-applied-for-200-shares-at-rs-10-per-share-but-160-shares-were-alloted-to-him-after-paying-rs-2-per-share-on-application-he-did-not-pay-the-allotment-money-of-rs-2-per-share-and-first-ca\/","name":"Mr. Smith applied for 200 shares at Rs. 10 per share, but 160 shares were alloted to him. 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