Accounting · Company Accounts - Share Allotment
A Ltd. issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro-rata allotment was made to the applicants of 2,400 shares. If Ramesh was allotted 40 shares, how many shares must he have applied for?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 140 shares
- 244 shares
- 348 shares✓
- 460 shares
Correct answer
48 shares
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