CA CPT Model Test Paper 8 with solutions for online practice

Beta Ltd. was formed as a public limited company with on authorised capital of Rs. 20,00,000 divided into shares of Rs. 10 each. Beta Ltd. issued fully paid up shares of Rs. 10 each in consideration of acquiring asset worth Rs. 3,80,000 from M/s Rahim Bros. The shares are issued at a premium of 25%. To record this transaction share capital need to be credited by