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

  • question_answer
    Aditya Ltd Purchased Machinery from Gagan Ltd. by paying as follows:
    Through Bank Draft........................................................ Rs.3,00,000
    Through Bills Payable.................................................... Rs.1,00,000
    Remaining balance through 40,000 Equity Shares of Rs.10 each at a premium of Rs.2.
    Amount of Purchase consideration was________.

    A) 8,80,000

    B) 8,00,000

    C) 7,20,000 

    D) 7,00,000

    Correct Answer: A

    Solution :

    8,80,000


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