{"id":50489,"date":"2024-04-15T23:11:03","date_gmt":"2024-04-15T23:11:03","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=50489"},"modified":"2024-04-15T23:11:03","modified_gmt":"2024-04-15T23:11:03","slug":"a-ltd-has-allotted-10000-shares-to-the-applicants-of-14000-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-a","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-ltd-has-allotted-10000-shares-to-the-applicants-of-14000-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-a\/","title":{"rendered":"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"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;60 shares, Rs. 120&#8243; option2=&#8221;320 shares, Rs. 200&#8243; option3=&#8221;340 shares, Rs. 160&#8243; option4=&#8221;300 shares, Rs. 240&#8243; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>C. 340 shares, Rs. 160<\/strong><\/p>\n<p>Explanation:<\/p>\n<p>The number of shares allotted to Mr. X is 10000\/14000*420 = 340 shares.<\/p>\n<p>The amount payable by Mr. X for 340 shares is 340*2 = Rs. 680.<\/p>\n<p>The amount carried forward for adjustment against allotment money due from Mr. X is Rs. 680 &#8211; Rs. 200 = Rs. 480.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option A: 60 shares, Rs. 120<\/li>\n<\/ul>\n<p>This option is incorrect because the number of shares allotted to Mr. X is 340 shares, not 60 shares.<\/p>\n<ul>\n<li>Option B: 320 shares, Rs. 200<\/li>\n<\/ul>\n<p>This option is incorrect because the amount payable by Mr. X for 340 shares is Rs. 680, not Rs. 200.<\/p>\n<ul>\n<li>Option C: 340 shares, Rs. 160<\/li>\n<\/ul>\n<p>This option is correct because the number of shares allotted to Mr. X is 340 shares and the amount payable by Mr. X for 340 shares is Rs. 680.<\/p>\n<ul>\n<li>Option D: 300 shares, Rs. 240<\/li>\n<\/ul>\n<p>This option is incorrect because the number of shares allotted to Mr. X is 340 shares, not 300 shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;60 shares, Rs. 120&#8243; option2=&#8221;320 shares, Rs. 200&#8243; option3=&#8221;340 shares, Rs. 160&#8243; option4=&#8221;300 shares, Rs. 240&#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-50489","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>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<\/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\/a-ltd-has-allotted-10000-shares-to-the-applicants-of-14000-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-a\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"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. 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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","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\/a-ltd-has-allotted-10000-shares-to-the-applicants-of-14000-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-a\/","og_locale":"en_US","og_type":"article","og_title":"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","og_description":"[amp_mcq option1=&#8221;60 shares, Rs. 120&#8243; option2=&#8221;320 shares, Rs. 200&#8243; option3=&#8221;340 shares, Rs. 160&#8243; option4=&#8221;300 shares, Rs. 240&#8243; correct=&#8221;option3&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/a-ltd-has-allotted-10000-shares-to-the-applicants-of-14000-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-a\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T23:11:03+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\/a-ltd-has-allotted-10000-shares-to-the-applicants-of-14000-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-a\/","url":"https:\/\/exam.pscnotes.com\/mcq\/a-ltd-has-allotted-10000-shares-to-the-applicants-of-14000-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-a\/","name":"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. 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