Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

10,000 equity shares of Rs. 10 each were issued to public at a premium of Rs. 2 per share. Application was received for 12,000

 

10,000 equity shares of Rs. 10 each were issued to public at a premium of Rs. 2 per share. Application was received for 12,000 shares. Amount of securities premium account will be_ A B C D Rs. 24,000 Rs. 20,000 Rs. 4,000 Rs. 1,600

Step by Step Solution

3.52 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

Answer Rs 20000 It will be A as1000022000... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting and Analysis

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

6th edition

9780077632182, 78025672, 77632184, 978-0078025679

More Books

Students also viewed these Accounting questions

Question

=+c) How many factors are involved?

Answered: 1 week ago