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CUET Accountancy 2025 14 May Shift 1

Pro-Rata Allotment Calculation Questions

1 Pro-Rata Allotment Calculation questions from CUET Accountancy 2025 14 May Shift 1 with detailed answers and explanations. Free previous year questions and MCQs.

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Pro-Rata Allotment Calculation โ€” CUET Accountancy 2025 14 May Shift 1(1โ€“1 of 1)

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Q1hardmcqAccountancyCUET Accountancy 2025 14 May Shift 12026
High Light India Ltd. invited applications for 30,000 Shares of Rs. 100 each at a premium of Rs. 20 per share payable as follows:On Application Rs. 40 (including Rs.10 premium)On Allotment Rs. 30 (including Rs.10 premium)On First Call Rs. 30On Second and Final Call Rs. 20 Applications were received for 40,000 shares and pro-rata allotment was made on the application for 35,000 share. Excess application money was utilised towards allotment.Rohan to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited immediately after allotment.Aman who applied for 1,050 shares failed to pay first call and his share were forfeited immediately after first Call.Second and final call was made. All the money due on second call have been received.Of the shares forfeited, 1,000 share were reissued as fully paid-up for Rs. 80 per share, which included the whole of Aman's shares. Amount recieved on allotment:

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