Z Ltd. offered to public 80,000 shares for subscription. Applications were received for 1,30,000 shares and pro rata allotment was made to the applicants. X applied for 52,000 shares and Y was allotted 16,000 shares.
On the basis of above information, calculate:
(i) How many applications have been rejected?
(ii) What is the pro rata ratio?
(iii) How many shares were allotted to X ?
(iv) How many shares were applied by Y ?

Shakti Ltd. Issues 1,00,000 shares of ₹ 10 each for public subscription . Application (along with money) are received for 80,000 shares . Can the company allot these shares ? Explain .

XYZ Ltd. invited applications for issuing 50,000 Equity Shares of Rs. 10 each. The amount was payable as: {:("On application",-,"Rs. 3 per share,"),("On allotment",-,"Rs. 4 per share,"),("On first and final call",-,"Rs. 3 per share."):} Application were received for 75,000 shares and pro rata allotment was made as: Applicants for 40,000 shares were allotted 30,000 shares on pro rata basis. Applicants for 35,000 shares were allotted 20,000 shares on pro rata basis. Ramu, to whom 1,200 shares were allotted out of the group applying for 40,000 shares, failed to pay the allotment money . His shares were forfeited immediately after allotment. Shamu , who had applied for 700 shares out of the group applying for 35,000 shares, failed to pay the first and final call. His shares were also were also forfeited . Out of the forfeited shares. 1,000 shares were reissued @ Rs. 8 per share as fully paid-up. The reissued shares included all the forfeited shares of Shamu. Pass necessary Jouranl entries to record the above transactions .

X Ltd. issued 20,000 shares of Rs. 10 each payable as follows: On application Rs. 6 and balance on allotment. Applications were received for 32,500 shares and pro rata allotment was made to the applicants of 25,000 shares. All the shareholders have paid the amount due up to allotment except X the allotted of 4,000 shares. (i) Calculate amount due but not paid by X. (ii) Calculate allotment money received later.