PK Ltd. issued 20,000 equity shares of ₹25 each for public subscription. The issue was underwritten by P, Q and R as 25%, 30% and 25% respectively. The company received 13,000 applications, of which marked applications o
CS Executive · Corporate and Management Accounting · PYQS · December 2022
PK Ltd. issued 20,000 equity shares of ₹25 each for public subscription. The issue was underwritten by P, Q and R as 25%, 30% and 25% respectively. The company received 13,000 applications, of which marked applications of P, Q and R were respectively 4,000, 3,000 and 4,000. In this case, the net liability of P, Q and R respectively is:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Company Accounts
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