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Authorised capital is 4,00,000 shares of Rs. 10 and 2,00,000 shares are offered. Issued capital is
ARs. 40,00,000
BRs. 16,00,000
CRs. 20,00,000
DRs. 25,00,000
Answer & Solution
Correct answer: C. Rs. 20,00,000
Issued capital covers only the offered shares: 2,00,000 times Rs. 10 equals Rs. 20,00,000.
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