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A company issued 5.000 equity shares of ₹100 each at par payable as to . ₹40 on application; ?50 on allotment and ₹10 on call. Applications were received for 8,000 shares. Allotment was made on pro-rata. How much amount will be received in cash on allotment?

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A company issued 5.000 equity shares of ₹100 each at par payable as to . ₹40 on application; ?50 on allotment and ₹10 on call. Applications were received for 8,000 shares. Allotment was made on pro-rata. How much amount will be received in cash on allotment?






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