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A Ltd. invited… (Class 12 Accountancy SQP 2026-27, Q4)

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AccountancyCBSE Class 12 · Sample paper, session 2026-27 · 1 mark · MCQ

CBSE Class 12 Accountancy sample paper 2026-27: question 4

From the official CBSE sample question paper for 2026-27, section A, question 4, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q4 · 1 mark · MCQAccounting for Share Capital

A Ltd. invited applications for 50,000 shares of ₹10 each at par. Applications were received for 80,000 shares. Shares were allotted on a pro-rata basis to applicants of 60,000 shares. If application money was ₹3 per share and allotment money was ₹4 per share, how much amount will be received on allotment from an applicant who applied for 6,000 shares?

  1. (A)₹ 20,000
  2. (B)₹ 24,000
  3. (C)₹ 21,000
  4. (D)₹ 17,000

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2026-27.

Hints

Open one hint at a time and try again before the next.

Hint 1

Find the pro-rata ratio: applied to allotted.

Hint 2

Excess application money is adjusted against allotment.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Applicants for 60,000 shares got 50,000: ratio 6 : 5. The applicant for 6,000 shares gets 5,000 shares and paid ₹ 18,000 on application against ₹ 15,000 due, an excess of ₹ 3,000.

  2. Allotment due = 5,000 × ₹ 4 = ₹ 20,000; received = ₹ 20,000 − ₹ 3,000 = ₹ 17,000. Option (D).

    1 mark

Answer: (D) ₹ 17,000

Where the marks are

  • Excess application money ₹ 3,000 reduces allotment due (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Accounting for Share Capital, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2026-27: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.