What will be the number of equity shares

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Target Exam

CUET

Subject

Accountancy

Chapter

Accounting Ratios

Question:

What will be the number of equity shares if equity share capital is ₹5000000 with a face value of ₹100?

Options:

500000 Shares

50000 shares

5000000 shares

None of these

Correct Answer:

50000 shares

Explanation:

No of shares = Equity share capital / Face value of share
= 5000000 / 100
= 50000 shares