alleryStart learning →40,000 shares of face value Rs 5 are bought back at Rs 9. Equity share capital is debited with
ARs 1,60,000
BRs 9,00,000
CRs 3,60,000
DRs 2,00,000
Answer & Solution
Correct answer: D. Rs 2,00,000
Share capital is debited at face value, which is 40,000 times Rs 5 or Rs 2,00,000.
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