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The amount received over and above the par value is credited to which account?
  • a)
    Calls-in-advance account
  • b)
    Share Capital account
  • c)
    Capital reserve account
  • d)
    Securities premium account
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The amount received over and above the par value is credited to which ...
Securities premium account contains the money that is received by way of premium in calls. premium is the value that is over and above the par value.
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The amount received over and above the par value is credited to which ...
The money received over and above the par is known as premium as it is a benefit to the company it should be credited to securities Premium account
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Community Answer
The amount received over and above the par value is credited to which ...
Money u received more than par value is the benefit of the firm which cannot to transfer to any other account.it is daily basis of issuing so we transfer to spr. but if u reissue shares the benefit will be transferred to capital reserve ac as it a capital nature of profit.other option ( a b) are not doubtable.
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The amount received over and above the par value is credited to which account?a)Calls-in-advance accountb)Share Capital accountc)Capital reserve accountd)Securities premium accountCorrect answer is option 'D'. Can you explain this answer?
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The amount received over and above the par value is credited to which account?a)Calls-in-advance accountb)Share Capital accountc)Capital reserve accountd)Securities premium accountCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The amount received over and above the par value is credited to which account?a)Calls-in-advance accountb)Share Capital accountc)Capital reserve accountd)Securities premium accountCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The amount received over and above the par value is credited to which account?a)Calls-in-advance accountb)Share Capital accountc)Capital reserve accountd)Securities premium accountCorrect answer is option 'D'. Can you explain this answer?.
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