Number of shares applied for : 25,000 Number allotted for : 20,000, Application money per share ₹3 if one of the shareholders applied for 500 shares, then find out the number of shares allotted to him and the excess application money received from him.

Question

Examsnet · Accepted Answer

Correct Answer is :  400, ₹300

CA CPT Dec 2018 Question Paper Fundamentals of Accounting for online practice