Advertisements
Advertisements
Question
Blue Berry Ltd. had issued 50,000 Equity Shares of 20 each and had called-up ₹ 16 but received ₹ 10 per share, Equity Share Capital Account will be credited by ______.
Options
₹ 10,00,000.
₹ 8,00,000.
₹ 3,00,000.
₹ 5,00,000.
MCQ
Fill in the Blanks
Advertisements
Solution
Blue Berry Ltd. had issued 50,000 Equity Shares of 20 each and had called-up ₹ 16 but received ₹ 10 per share, Equity Share Capital Account will be credited by ₹ 8,00,000.
Explanation:
Equity Share Capital A/c is credited with the called-up amount, not the amount actually received.
50,000 × ₹ 16 = ₹ 8,00,000
Therefore, Equity Share Capital A/c will be credited by ₹ 8,00,000.
shaalaa.com
Is there an error in this question or solution?
