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CUET Accountancy 2025 16 May Shift 1

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1 Pro-rata questions from CUET Accountancy 2025 16 May Shift 1 with detailed answers and explanations. Free previous year questions and MCQs.

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Pro-rata โ€” CUET Accountancy 2025 16 May Shift 1(1โ€“1 of 1)

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Comprehension:Read the following passage carefully and answer the questions that follow. Ltd. issued shares to the public having a Face Value of โ‚น at a premium. The money is receivable as follows:Application = โ‚น (including premium)Allotment = โ‚น First and Final call = Remaining amountThe public applied for shares. The company rejected applications for shares and made a pro-rata allotment to the remaining applicants. A shareholder who had applied for shares failed to pay the allotment and call money, and his shares were subsequently forfeited by the company. Later, these forfeited shares were reissued at โ‚น each as fully paid.What is the total amount of application money to be refunded by the company?

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