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

  • question_answer
    Match the followings: X Ltd. purchased the business of Y Ltd. for Rs.1,80,000 payable in fully paid Equity Shares of Rs.10 each. Calculate number of shares to be issued:
    1. If Shares issued at Par (A) 12.000
    2. If Shares issued at a premium of 20% (B) 10,500
    3. If Shares issued at a premium of 50% (C) 18,000
    4. 30% of the payment was made in cash and balance by issue of equity share at a premium of 20% (D)       15,000
     

    A) 1-[B]; 2-[C]; 3-[D]; 4-[A]

    B) 1-[B]; 2-[C]; 3-[A]; 4-[D]

    C) 1-[C]; 2-[A]; 3-[D]; 4-[B]

    D) 1-[C]; 2-[D]; 3-[A]; 4-[B]

    Correct Answer: D

    Solution :

    1-[C]; 2-[D]; 3-[A]; 4-[B]


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