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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 1 · Set 3 · Q5
Alfa Ltd. invited applications for 50,000 equity shares of ₹ 10 each at a premium of 30%. The whole amount was payable on application. Applications…
Alfa Ltd. invited applications for $\displaystyle 50,000$ equity shares of ₹ $\displaystyle 10$ each at a premium of $\displaystyle 30$%. The whole amount was payable on application. Applications were received for $\displaystyle 2,50,000$ shares. The company decided to allot the shares on a pro-rata basis to all the applicants. The amount refunded by the company was :
Official answer
(D)
₹ $\displaystyle 26,00,000$
Marking-scheme solution
(D)
₹$\displaystyle 26,00,000$
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.