πŸ“Š Corporate Accounting
Q. Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
  • (A) 11
  • (B) 10.70
  • (C) 15
  • (D) 20
πŸ’¬ Discuss
βœ… Correct Answer: (B) 10.70

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