A companys share capital consists of 1,50,000 equity shares of 5 each. It makes a rights
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A company’s share capital consists of 1,50,000 equity shares of ₹ 5 each. It makes a rights issue of 1 equity shares for every 3 already held at ₹ 12 per share. It then makes a bonus issue of 1 equity share for every 5 held. Which amount will be shown in the Balance Sheet for share capital?
A. ₹ 12,00,000;
B. ₹ 14,50,000;
C. ₹ 15,50,000;
D. ₹ 16,50,000.
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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