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Question
10000 equity shares of ₹ 10 each issued at 10% premium. Calculate the total amount of share premium.
Sum
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Solution
Equity shares = 10,000
Face value = ₹ 10 per share
Premium @ 10 %
The total amount of share premium = 10,000 × 10 ×`10/100`
= ₹ 10,000
Hence, the total amount of 10,000 share premium = ₹ 10,000
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Chapter 8: Company Accounts - Issue of Shares - Exercise 8.1 (Objective Questions) [Page 340]
