What will be the number of equity shares

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Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Accounting Ratios

Question:

What will be the number of equity shares if equity share capital is ₹50,00,000 with a face value of ₹100?

Options:

5,00,000 Shares

50,000 shares

50,00,000 shares

None of these

Correct Answer:

50,000 shares

Explanation:

The correct answer is option 2- 50,000 shares.

No of shares = Equity share capital / Face value of share
= 50,00,000 / 100
= 50,000 shares