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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
    Nyra Ltd. issued 20,000 Equity Shares of Rs.100 each. Amount payable as follows; Application Rs.60; Allotment Rs.20 and balance on first and final call. Company received an amount of Rs.3,60,000 on allotment. Calculate number of shares on which allotment money is not Received.

    A) 400 shares

    B) 2,000 shares

    C) 6,000 shares

    D) 20,000 shares

    Correct Answer: B

    Solution :

    2,000 shares


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