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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
    X Ltd. purchased a running business from Y Ltd. for a sum of Rs.30,00,000 payable 40% by a cheque and the balance by the issue of fully paid equity shares of Rs.100 each at a premium of 20%. Number of shares to be issued by X Ltd._____

    A) 30,000

    B) 25,000

    C) 15,000

    D) 18,000

    Correct Answer: C

    Solution :

    15,000


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