Question

1. A company issues 300,000 equity shares of Rs. 10 face value at Rs. 15
per share. The company will show in its balance sheet
a. Equity share capital of Rs. 3,000,000
b. Equity share capital of Rs. 4,500,000
Equity share capital of Rs. 3,000,000 and securities premium of
Rs. 1,500,000
d. Equity share capital of Rs. 3,000,000 and retained earnings of
Rs. 1,500,000.
​

Answer 1

Answer:

C

Explanation:

Equity share capital 300000×10= 3,000,000

Premium = 300000×5 ( 15-10) = 1500000