Question

10000 equity share of 10 each at a premium of 20% the minimum amount of application money to be collected per share will be

Answer 1

Answer:

I think so not sure

Step-by-step explanation:

number of equity shares = 10000

premium =20%

ie 10000×20÷100 = 2000

10000+2000 = 12000×10 = 120000

application money = rs120000