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  3. 12th Class
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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
    Rishi Ltd. Forfeited a share of Rs.100 issued at a premium of 20% for non-payment of 1st call of Rs.30 per share and final call of Rs.10 per share. At what minimum price it can be reissued:

    A) 60

    B) 40

    C) 100

    D) 140

    Correct Answer: A

    Solution :

    60


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