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

  • question_answer
    4,000 equity shares of Rs. 10 each were issued at 8% premium to the promoters of a company for their services. Which account will be debited?

    A) Share Capital

    B) Goodwill Account/Incorporation Cost Account

    C) Securities Premium Reserve Account

    D) Cash Account

    Correct Answer: B

    Solution :

    [b] Goodwill Account/Incorporation Cost Account


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