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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
    VK Ltd. Purchased a running business from Tata Ltd. for a sum of Rs.22,00,000 by issuing 20,000 fully paid Equity Shares of Rs.100 each at a premium of 10%. Total Assets were Rs.25,00,000 and Bills payable Rs.2,50,000. Number of Shares to be issued:

    A) 10,000

    B) 15,000

    C) 20,000

    D) 25,000

    Correct Answer: C

    Solution :

    20,000


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