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Question
Authorised capital of a Company is divided into 5,00,000 shares of ₹10 each. It issued 3,00,000 shares. Public applied for 3,60,000 shares. Amount of issued capital will be ______.
Options
₹30,00,000
₹36,00,000
₹50,00,000
₹6,00,000
MCQ
Fill in the Blanks
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Solution
Authorised capital of a Company is divided into 5,00,000 shares of ₹10 each. It issued 3,00,000 shares. Public applied for 3,60,000 shares. Amount of issued capital will be ₹30,00,000.
Explanation:
Authorised Capital = 5,00,000 shares of ₹10 each = ₹50,00,000
Issued Shares = 3,00,000 shares
Public Applied = 3,60,000 shares
Issued Capital = 3,00,000 shares × ₹10 = ₹30,00,000
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Chapter 6: Company Accounts - Issue of Shares - OBJECTIVE TYPE QUESTIONS [Page 6.204]
