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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
    Star Ltd. issued 10,000 equity shares of Rs. 100 each at a premium of 20%. Mamta, who has been allotted 2,000 shares did not pay first and final call of Rs. 5 per share. On forfeiture of Manila's shares, amount debited to securities premium reserve account will be:

    A) Rs. 5,000                                  

    B) Rs. 10,000 

    C) Rs. 15,000                                

    D) Nil

    Correct Answer: D

    Solution :

    [d] Nil


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