CBSE PYP 2024 | Accountancy | Set 67/1/1 | Question 25 (b) | 6 Marks | Pro-rata Allotment Categories
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Загружено: 2026-02-22
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2024 - 67/1/1 - • CBSE Accountancy PYQ 2024 67/1/1
• CBSE Accountancy PYQ 2024 67/1/1
PYP CBSE Issue of Shares 6 markers
• CBSE PYP Issue of Shares 6 mark Sums
25. (b) Printkit Limited invited applications for issue of 80,000 equity shares of ₹ 10 each. The amount was payable as follows:
On Application — ₹ 3 per share
On Allotment — ₹ 2 per share
On First and Final call — Balance
Applications for 1,50,000 shares were received. Applications for 10,000 shares were rejected and pro-rata allotment was made to the remaining applicants on the following basis:
Category A — Applicants for 80,000 shares were allotted 40,000 shares.
Category B — Applicants for 60,000 shares were allotted 40,000 shares.
Excess money received on application was adjusted towards amount due on allotment and first and final call. All the amounts due on allotment and first and final call were duly received. Pass necessary journal entries in the books of Printkit Limited. — 6 Marks
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