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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
    Vinod Ltd. forfeited 100 Equity shares of Rs.10 each issued at a premium of 20% for non-payment of final call of Rs.5 including premium. State the maximum amount of discount at which these shares can be reissued:

    A) 300 

    B) 500

    C) 700

    D) 800

    Correct Answer: C

    Solution :

    700


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