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

  • question_answer
    Vinod Limited offered 10,000 shares of Rs.10 each for public subscription at a premium of 10%. Full amount was payable on application. Applications were received for 15,000 shares and the Board decided to allot the shares on pro-rata basis. How much amount is to be refunded?

    A) 60,000  

    B) 50,000

    C) 45,000

    D) 55,000

    Correct Answer: D

    Solution :

    55,000


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