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CA CPT 2014 June Question Paper Fundamentals of Accounting for online practice

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Question : 57

Total: 60

Zebra Ltd invites applications for 50,000 shares for which 2/- per share is payable on application. Applicationsreceived for 80,000 shares and 70,000 shares are allotted on prorate basis. How much application money will beadjusted to allotment, when Mr. Lion who has allotted 200 shares.

Rs. 100
Rs. 160
Rs. 240
Rs. 80

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