Practicing Success
If Share Capital is Rs.6,00,000 at the end of the year 31st March 2021 and a positive percentage change shown 40% by Comparative Balance Sheet on 31st March 2022. What was the absolute change in the Share Capital on 31st March 2022? |
₹3,36,000 ₹6,00,000 ₹2.40,000 ₹8,40,000 |
₹2.40,000 |
The correct answer is option 3- ₹2,40,000 Increase in share capital = 6,00,000 x 40/100 Share capital in 2022 = 6,00,000+ 2,40,000 Absolute change = 8,40,000-6,00,000 |