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  3. 12th Class
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  5. Accounting For Share Capital

12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    Rishi Ltd. invited applications for issuing 1,000 equity shares of Rs.100 each at a premium of 20%. The whole amount was payable on application. The issue was fully subscribed. Amount received on application will be

    A) 1,00,000

    B) 1,20,000

    C) 80,000

    D) 1,10,000

    Correct Answer: B

    Solution :

    1,20,000


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