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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
    Vinod Ltd. purchased a Machinery of Rs.9,00,000 from Vinesh Ltd. payment to be made by issuing Equity Shares of Rs.10 each. Find out number of shares issued to Vinesh Ltd., if shares are to be issued at a premium of 20%.

    A) 75,000

    B) 90,000

    C) 80,000

    D) 1,00,000

    Correct Answer: A

    Solution :

    75,000


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