Question : Black Penther Company had issued 25,000 equity shares of Rs.10 each and had called up Rs.8 but received Rs.5 per share, equity share capital account will be debited by
Option 1: Rs.10 per share
Option 2: Rs.8 per share
Option 3: Rs.7 per share
Option 4: Re.1 per share

Question

Question : Black Penther Company had issued 25,000 equity shares of Rs.10 each and had called up Rs.8 but received Rs.5 per share, equity share capital account will be debited by

Option 1: Rs.10 per share

Option 2: Rs.8 per share

Option 3: Rs.7 per share

Option 4: Re.1 per share

Team Careers360 · Accepted Answer

Correct Answer: Rs.8 per share

Solution : The amount that is called up will be debited to Equity Share Capital with Rs.8 per share. Hence, the correct option is 2.

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Question : Black Penther Company had issued 25,000 equity shares of Rs.10 each and had called up Rs.8 but received Rs.5 per share, equity share capital account will be debited byOption 1: Rs.10 per shareOption 2: Rs.8 per shareOption 3: Rs.7 per shareOption 4: Re.1 per share

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Question : Black Penther Company had issued 25,000 equity shares of Rs.10 each and had called up Rs.8 but received Rs.5 per share, equity share capital account will be debited by
Option 1: Rs.10 per share
Option 2: Rs.8 per share
Option 3: Rs.7 per share
Option 4: Re.1 per share