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A limited company purchased machine worth rs.115000 from indian traders.payment was made as to rs.10000 by cross cheque and the remaining amount by issue of equity shares of the face value of rs.10 each fully paid at an issue price of rs.10.50 each.amount of share premium will be?
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A limited company purchased machine worth rs.115000 from indian trader...
Calculation of Share Premium
Therefore, the amount of share premium in this case will be Rs. 5,250. Share premium is the amount that a company receives when it issues its shares at a price higher than their face value. It represents the excess amount paid by the shareholders over and above the face value of the shares, which is treated as a reserve and can be used for various purposes such as writing off losses, issuing bonus shares, etc.
- First, we need to calculate the amount paid through equity shares. This can be done by dividing the total amount paid through equity shares by the face value of each share. In this case, it would be 105000/10 = 10500 shares.
- Next, we need to subtract the face value of these shares from the total amount paid through equity shares to arrive at the share premium. Thus, share premium = (10500 x 10.50) - 10500 = Rs. 5,250.
Therefore, the amount of share premium in this case will be Rs. 5,250. Share premium is the amount that a company receives when it issues its shares at a price higher than their face value. It represents the excess amount paid by the shareholders over and above the face value of the shares, which is treated as a reserve and can be used for various purposes such as writing off losses, issuing bonus shares, etc.
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A limited company purchased machine worth rs.115000 from indian trader...
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A limited company purchased machine worth rs.115000 from indian traders.payment was made as to rs.10000 by cross cheque and the remaining amount by issue of equity shares of the face value of rs.10 each fully paid at an issue price of rs.10.50 each.amount of share premium will be?
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A limited company purchased machine worth rs.115000 from indian traders.payment was made as to rs.10000 by cross cheque and the remaining amount by issue of equity shares of the face value of rs.10 each fully paid at an issue price of rs.10.50 each.amount of share premium will be? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A limited company purchased machine worth rs.115000 from indian traders.payment was made as to rs.10000 by cross cheque and the remaining amount by issue of equity shares of the face value of rs.10 each fully paid at an issue price of rs.10.50 each.amount of share premium will be? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A limited company purchased machine worth rs.115000 from indian traders.payment was made as to rs.10000 by cross cheque and the remaining amount by issue of equity shares of the face value of rs.10 each fully paid at an issue price of rs.10.50 each.amount of share premium will be?.
A limited company purchased machine worth rs.115000 from indian traders.payment was made as to rs.10000 by cross cheque and the remaining amount by issue of equity shares of the face value of rs.10 each fully paid at an issue price of rs.10.50 each.amount of share premium will be? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A limited company purchased machine worth rs.115000 from indian traders.payment was made as to rs.10000 by cross cheque and the remaining amount by issue of equity shares of the face value of rs.10 each fully paid at an issue price of rs.10.50 each.amount of share premium will be? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A limited company purchased machine worth rs.115000 from indian traders.payment was made as to rs.10000 by cross cheque and the remaining amount by issue of equity shares of the face value of rs.10 each fully paid at an issue price of rs.10.50 each.amount of share premium will be?.
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A limited company purchased machine worth rs.115000 from indian traders.payment was made as to rs.10000 by cross cheque and the remaining amount by issue of equity shares of the face value of rs.10 each fully paid at an issue price of rs.10.50 each.amount of share premium will be?, a detailed solution for A limited company purchased machine worth rs.115000 from indian traders.payment was made as to rs.10000 by cross cheque and the remaining amount by issue of equity shares of the face value of rs.10 each fully paid at an issue price of rs.10.50 each.amount of share premium will be? has been provided alongside types of A limited company purchased machine worth rs.115000 from indian traders.payment was made as to rs.10000 by cross cheque and the remaining amount by issue of equity shares of the face value of rs.10 each fully paid at an issue price of rs.10.50 each.amount of share premium will be? theory, EduRev gives you an
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