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Dawn Ltd. purchased… (Class 12 Accountancy SQP 2025-26, Q4b)

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AccountancyCBSE Class 12 · Sample paper, session 2025-26 · 1 mark · MCQ

CBSE Class 12 Accountancy sample paper 2025-26: question 4(b)

From the official CBSE sample question paper for 2025-26, section A, question 4(b), for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q4(b) · 1 mark · MCQAccounting for Share Capital

Dawn Ltd. purchased Equipment and paid ₹ 2,20,000 by cheque and issued 16,000 equity shares of ₹ 10 each at 25% premium. The purchase consideration will be:

  1. (A)₹ 3,40,000
  2. (B)₹ 4,20,000
  3. (C)₹ 3,80,000
  4. (D)₹ 2,00,000

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2025-26.

Hints

Open one hint at a time and try again before the next.

Hint 1

A 25% premium on a ₹ 10 share means an issue price of ₹ 12.50.

Hint 2

Consideration is everything given to the vendor: cash plus shares.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Shares issued at 25% premium are issued at ₹ 12.50 each: 16,000 × ₹ 12.50 = ₹ 2,00,000.

  2. Purchase consideration = ₹ 2,20,000 (cheque) + ₹ 2,00,000 (shares) = ₹ 4,20,000. Option (B).

    1 mark

Answer: (B) ₹ 4,20,000

Where the marks are

  • Adds cheque and issue price of shares (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Accounting for Share Capital, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2025-26: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.