Please solve this: Example 5: X Ltd issued 50,000 shares of Rs 100 each at par and company - Accountancy - Accounting for Share Capital

Question

Please solve this:
Example 5: X Ltd issued 50,000 shares of Rs 100 each at par and
company received applications for 1,00,000 shares The amount is
payable as follows: on application Rs 30, on allotment Rs 50 and
balance on call The company made allotment as under:

Category
Shares Applied
Shares Alloted

(a)
(b)
(c)
30,000
50,000
20,000
30,000
20,000
NIL

Mohan of Category (b) who was allotted 1,500 shares
failed to pay allotment money
Calculate:
(i) Allotment money not paid by Mohan
(ii) Money received on Allotment

Manish Kumar · Accepted Answer

Category	Shares Applied	Shares Alloted
(a) (b) (c)	30,000 50,000 20,000	30,000 20,000 NIL