Question

000
(5) 1,00,000 equity shares of 10 each issued and fully subscribed and
called-up at 20% premium. Calculate amount of equity share capital.​

Answer 1

Answer:

1,00,000/10 = 10,000

10,000 * 10 = 1,00,000

1,00,000* 20/100 = 20,000

1,00,000 + 20,000 = 1,20,000

Here premium is 20,000

premium always should be added.