CA CPT Dec 2016 Question Paper Fundamentals of Accounting for online practice

Zebra Ltd. Invites applications for 50,000 shares for which Rs.2 per share is payable onapplication. Applications were received for 80,000 shares and 50,000 shares are allotted onpro-rata basis to the applications for 70,000 shares. Calculate the excess application moneyfrom X, who was allotted 200 shares.