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     EduGorilla 
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    ABC Ltd issued 5000 10% Debentures of ₹100 each payable as ₹40 on application and ₹60 on allotment. Applications were received for 6000 debentures. Applicants for 500 debentures were sent letter of regret and money was returned. Allotment was made proportionately to the remaining applicants. Over subscription was applied to the amount due on allotment. All money was duly received. Calculate amount to be returned to the applicants

    Options :-

    1. ₹20000

    2. ₹50000

    3. ₹60000

    4. ₹24000

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Reply To: ABC Ltd issued 5000 10% Debentures of ₹100 each payable as ₹40 on application and ₹60 on allot….
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