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Commerce · Q493

Accounting

Graduate and Post Graduate · Commerce · question 493

Q493

A limited company issued equity shares of Rs. 100 each. It has called-up Rs. 75 on each share, but received only Rs. 60 per share. The share capital account will be credited with

A.
Rs. 75 per share
Answer
B.
Rs. 60 per share
C.
Rs. 100 per share
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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