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Following are the extracts from the draft Balance Sheet of OMG Ltd.:Equity shares Capital (10 8,00,000 each)Securities premium 1,00,000General reserve 2,50,000Profit & loss account 1,50,000A resolution was passed declaring 3 bonus shares for 5 shares held. Use minimum securities premium balance. To issue bonus shares Securities Premium A/c will be debited bya) 1,50,000b) 90,000c) 1,20,000d) 80,000Correct 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 Following are the extracts from the draft Balance Sheet of OMG Ltd.:Equity shares Capital (10 8,00,000 each)Securities premium 1,00,000General reserve 2,50,000Profit & loss account 1,50,000A resolution was passed declaring 3 bonus shares for 5 shares held. Use minimum securities premium balance. To issue bonus shares Securities Premium A/c will be debited bya) 1,50,000b) 90,000c) 1,20,000d) 80,000Correct 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 Following are the extracts from the draft Balance Sheet of OMG Ltd.:Equity shares Capital (10 8,00,000 each)Securities premium 1,00,000General reserve 2,50,000Profit & loss account 1,50,000A resolution was passed declaring 3 bonus shares for 5 shares held. Use minimum securities premium balance. To issue bonus shares Securities Premium A/c will be debited bya) 1,50,000b) 90,000c) 1,20,000d) 80,000Correct answer is option 'D'. Can you explain this answer?.

Solutions for Following are the extracts from the draft Balance Sheet of OMG Ltd.:Equity shares Capital (10 8,00,000 each)Securities premium 1,00,000General reserve 2,50,000Profit & loss account 1,50,000A resolution was passed declaring 3 bonus shares for 5 shares held. Use minimum securities premium balance. To issue bonus shares Securities Premium A/c will be debited bya) 1,50,000b) 90,000c) 1,20,000d) 80,000Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of Following are the extracts from the draft Balance Sheet of OMG Ltd.:Equity shares Capital (10 8,00,000 each)Securities premium 1,00,000General reserve 2,50,000Profit & loss account 1,50,000A resolution was passed declaring 3 bonus shares for 5 shares held. Use minimum securities premium balance. To issue bonus shares Securities Premium A/c will be debited bya) 1,50,000b) 90,000c) 1,20,000d) 80,000Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Following are the extracts from the draft Balance Sheet of OMG Ltd.:Equity shares Capital (10 8,00,000 each)Securities premium 1,00,000General reserve 2,50,000Profit & loss account 1,50,000A resolution was passed declaring 3 bonus shares for 5 shares held. Use minimum securities premium balance. To issue bonus shares Securities Premium A/c will be debited bya) 1,50,000b) 90,000c) 1,20,000d) 80,000Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Following are the extracts from the draft Balance Sheet of OMG Ltd.:Equity shares Capital (10 8,00,000 each)Securities premium 1,00,000General reserve 2,50,000Profit & loss account 1,50,000A resolution was passed declaring 3 bonus shares for 5 shares held. Use minimum securities premium balance. To issue bonus shares Securities Premium A/c will be debited bya) 1,50,000b) 90,000c) 1,20,000d) 80,000Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Following are the extracts from the draft Balance Sheet of OMG Ltd.:Equity shares Capital (10 8,00,000 each)Securities premium 1,00,000General reserve 2,50,000Profit & loss account 1,50,000A resolution was passed declaring 3 bonus shares for 5 shares held. Use minimum securities premium balance. To issue bonus shares Securities Premium A/c will be debited bya) 1,50,000b) 90,000c) 1,20,000d) 80,000Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Following are the extracts from the draft Balance Sheet of OMG Ltd.:Equity shares Capital (10 8,00,000 each)Securities premium 1,00,000General reserve 2,50,000Profit & loss account 1,50,000A resolution was passed declaring 3 bonus shares for 5 shares held. Use minimum securities premium balance. To issue bonus shares Securities Premium A/c will be debited bya) 1,50,000b) 90,000c) 1,20,000d) 80,000Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.