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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
    20,000 Shares of Rs.10 each were issued for public subscription at a premium of 10%. Full amount was payable on application. Applications were received for 30,000 shares and the Board decided to make pro-rata allotment. What amount is to be refunded to the applicants?

    A) Rs.80,000  

    B) Rs.90,000

    C) 1,00,000

    D) 1,10,000

    Correct Answer: D

    Solution :

    1,10,000


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