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10,000 equity shares of Rs. 10 each were issued to public at a premium of Rs. 2 per share. Application were received for 12,000 shares. Amount of securities premium account will be :
- a)Rs. 20,000
- b)Rs. 24,000
- c)Rs. 4,000
- d)Rs. 1,600
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
10,000 equity shares of Rs. 10 each were issued to public at a premium...
Calculation of securities premium account
Total number of shares issued = 10,000
Face value of each share = Rs. 10
Premium received per share = Rs. 2
Total amount received from public = (10,000 x 10) + (10,000 x 2) = Rs. 1,20,000
Total number of shares applied for = 12,000
Amount to be refunded = (12,000 - 10,000) x 10 = Rs. 20,000
Amount credited to securities premium account = Total amount received - Amount to be refunded
= Rs. 1,20,000 - Rs. 20,000
= Rs. 1,00,000
Therefore, the amount of securities premium account will be Rs. 20,000 (Option A).
Total number of shares issued = 10,000
Face value of each share = Rs. 10
Premium received per share = Rs. 2
Total amount received from public = (10,000 x 10) + (10,000 x 2) = Rs. 1,20,000
Total number of shares applied for = 12,000
Amount to be refunded = (12,000 - 10,000) x 10 = Rs. 20,000
Amount credited to securities premium account = Total amount received - Amount to be refunded
= Rs. 1,20,000 - Rs. 20,000
= Rs. 1,00,000
Therefore, the amount of securities premium account will be Rs. 20,000 (Option A).
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10,000 equity shares of Rs. 10 each were issued to public at a premium...
It will be A as(10000×2=20000)..number of issues share × SPR amount is taken as in share capital a/c only no. Of issued shares multiplied with allotment money(excluding premium)can be transferred
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10,000 equity shares of Rs. 10 each were issued to public at a premium of Rs. 2 per share. Application were received for 12,000 shares. Amount of securities premium account will be :a)Rs. 20,000b)Rs. 24,000c)Rs. 4,000d)Rs. 1,600Correct answer is option 'A'. Can you explain this answer?
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10,000 equity shares of Rs. 10 each were issued to public at a premium of Rs. 2 per share. Application were received for 12,000 shares. Amount of securities premium account will be :a)Rs. 20,000b)Rs. 24,000c)Rs. 4,000d)Rs. 1,600Correct answer is option 'A'. Can you explain this answer? 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 10,000 equity shares of Rs. 10 each were issued to public at a premium of Rs. 2 per share. Application were received for 12,000 shares. Amount of securities premium account will be :a)Rs. 20,000b)Rs. 24,000c)Rs. 4,000d)Rs. 1,600Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 10,000 equity shares of Rs. 10 each were issued to public at a premium of Rs. 2 per share. Application were received for 12,000 shares. Amount of securities premium account will be :a)Rs. 20,000b)Rs. 24,000c)Rs. 4,000d)Rs. 1,600Correct answer is option 'A'. Can you explain this answer?.
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