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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. issued 2000 equity share of Rs.10 each, Payable as; on application Rs.3; on allotment Rs.4; on first call Rs.2 and on final call Rs.100 shares were forfeited on which final call was not received. State the maximum amount of discount at which these shares can be reissued:

    A) 100

    B) 1000 

    C) 900 

    D) 1100

    Correct Answer: C

    Solution :

    900


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