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

  • question_answer
    Mother Ltd. invited application for 70,000 shares @ 30 each at par and received applications for only 68,000 shares. All calls were made and duly received except the final call of Rs.10 per share on 5,000 shares. These shares were forfeited. Amount of Share Capital to be shown in the Balance Sheet:

    A) 21,00,000

    B) 20,50,000

    C) 19,50,000

    D) 19,90,000

    Correct Answer: D

    Solution :

    19,90,000


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