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  3. 12th Class
  4. Accountancy
  5. Accounting For Share Capital

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

  • question_answer
    Rishi Ltd. decided to issue 75,000 equity shares of Rs.10 each at a premium of 20%. The whole amount was payable on application. Applications for 1,00,000 shares were received. Applications for 5,000 shares were rejected and shares were allotted to the remaining applicants on pro-rata basis. Amount refunded by the company will be:

    A) 50,000

    B) 3,00,000

    C) 2,40,000

    D) 60,000

    Correct Answer: B

    Solution :

    3,00,000


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