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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. invited application for 20,000 shares @ Rs.10 each payable as Rs.4 on application, Rs.5 on allotment and balance on call. Applications were received for only 12,000 shares. Amount to be transferred to capital account is:

    A) 2,00,000

    B) 80,000 

    C) 1,00,000

    D) Nil

    Correct Answer: D

    Solution :

    Nil


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