$10, 000$ equity shares of Rs. $10$ each were issued to public at a premium of Rs. $2$ per share. Applications were received for $12, 000$ shares. Amount of securities premium account will be ________.

Rs.

20, 000

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Rs.

24, 000

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Rs.

4, 000

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Rs.

1, 600

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Solution

The correct option is D Rs. $20, 000$
Number of equity shares issued = 10,000
Amount of premium = Rs 2
Amount of securities premium = 10000*2 = 20,000

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10,000 equity shares of Rs. 10 each were issued to public at a premium of Rs. 2 per share. Applications were received for 12,000 shares. Amount of securities premium account will be ________.

The correct option is D Rs. 20,000Number of equity shares issued = 10,000Amount of premium = Rs 2Amount of securities premium = 10000*2 = 20,000

$10, 000$ equity shares of Rs. $10$ each were issued to public at a premium of Rs. $2$ per share. Applications were received for $12, 000$ shares. Amount of securities premium account will be ________.

The correct option is D Rs. $20, 000$
Number of equity shares issued = 10,000
Amount of premium = Rs 2
Amount of securities premium = 10000*2 = 20,000