Question

A company came out with IPO at a price of Rs.55 each for 50,000 shares with face value of Rs.10 each. It listed on the stock exchange at Rs.60. What amount will be reflected as paid-up share capital in the balance sheet of the company?

A Rs.27,50,000
B Rs.30,00,000
C Rs.5,00,000
D Rs.22,50,000
E Rs.25,00,000
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