Books of Raunak Cotton Limited Journal:
Calculation of Rohit's Advance on Allotment :
Advance for 6,000 shares = ₹ 40,000
Advance for 300 shares = 300 × 40,000/6,000 = ₹ 2,000
Calculation of Alloted Shares of Itika:
8,000 Applied gets 6,000 alloted
600 applied will get = 600 × 6,000/8,000 = 450 Shares