Prorata basis allotted 5000 shares out of 7500 shares were applied, t – McqOptions

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1.	Prorata basis allotted 5000 shares out of 7500 shares were applied, then 600 shareswere applied by a person, how many shares allotted and hownmuch amount adjusted toallotment account. If application money is Rs.2 per share ____, ______
A.	400 shares 600/-
B.	200 shares 300/-
C.	200 shares 600/-
D.	300 shares 500/-
Answer» B. 200 shares 300/-

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