X Ltd. has issued 20,000 equity shares of 10 each at a premium of 2 for the

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X Ltd. has issued 20,000 equity shares of ₹10 each at a premium of ₹2 for the redemption of preference shares. Which of the following amount would be considered as ‘proceeds of fresh issue’?

(a). ₹2,00,000

(b). ₹2,20,000

(c). ₹2,40,000

(d). None of the above.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 04:47 AM

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X Ltd. has issued 20,000 equity shares of 10 each at a premium of 2 for the

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Corporate Accounting

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