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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
    A company issued 50,000 shares of Rs. 20 each at 5% premium, Rs. 10 were payable on application and balance on allotment. What will be the allotment amount?

    A) Rs. 5,00,000                             

    B) Rs. 4,75,000

    C) Rs. 5,50,000                             

    D) Rs. 5,25,000  

    Correct Answer: C

    Solution :

    [c] Rs. 5,50,000


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