If applicants for 80 000 shares were allotted 60 000 shares on prorata basis the shareholder who was...........

General Accounting Principles Accounting for Shares

If applicants for 80,000 shares were allotted 60,000 shares on prorata basis, the shareholder who was allotted 1,200 shares must have applied for :

900 Shares

3,600 Shares

1,600 Shares

4,800 Shares

no. of share applied: 80,000

no. of share alloted:60,000

prorata ratio: 80,000:60000

no. of shares applied= 80,000/60,000*1,200=1,600shares

Submit Error

is it application / alloted or alloted / application ?

NIHARIKA WALIA

if allotted is given then - Allotted X Application / Allotment