Amount to be returned to the applicants due to non-allotment of shares will be : Option 1: Rs. 1,50,000 Option 2: Rs. 2,40,000 Option 3: Rs. 1,20,000 Option 4: Rs. 1,60,000

The answer is 'Rs. 1,20,000'. View full solution:

CUET Accountancy - Amount to be returned to the applicants due to non-allotment of shares will be : | PYQs + Solutions

CUET Accountancy 2022 23 Aug Shift 2

Company Accounts

Medium

Rs. 1,50,000

Rs. 2,40,000

Rs. 1,20,000

Rs. 1,60,000

✅ Correct Option: 3

Related questions:

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Under which Sub head we show the Security Premium in Balance Sheet ?

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Identify the statement that is/are not true from the following.

(a) Shares can be forfeited for non payment of call money.

(b) The profit on forfieted shares is transferred to capital reserve.

(d) Application money should be at least 10% of the face value of the share.

Choose the correct answer from the options given below :

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