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?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- ₹2,40,000
Increase in share capital = 6,00,000 x 40/100
= ₹2,40,000
Share capital in 2022 = 6,00,000+ 2,40,000
= ₹8,40,000
Absolute change = 8,40,000-6,00,000
= ₹2,40,000