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

  • question_answer
    X Ltd. issued 75,000 equity shares of Rs.10 each at a premium of 40%. The whole amount was payable on application. Applications for 1,20,000 shares were received. Amount refunded by the company will be:

    A) 16,80,000

    B) 10,50,000

    C) 4,50,000

    D) 6,30,000

    Correct Answer: D

    Solution :

    6,30,000


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