A company invited applications for 20,000 shares and received the applications for 25,000 shares. The directors rejected the applications for 5,000 shares. Amount paid on application was Rs 10 per share. How much amount shall be refunded?

A company invited applications for 20,000 shares and received the appl

1.	A company invited applications for 20,000 shares and received the applications for 25,000 shares. The directors rejected the applications for 5,000 shares. Amount paid on application was Rs 10 per share. How much amount shall be refunded?
Answer» A company invited applications for 20,000 shares and received the applications for 25,000 shares. The directors rejected the applications for 5,000 shares. Amount paid on application was Rs 10 per share. How much amount shall be refunded?

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A company invited applications for 20,000 shares and received the applications for 25,000 shares. The directors rejected the applications for 5,000 shares. Amount paid on application was Rs 10 per share. How much amount shall be refunded?

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