Question

100000 equity shares of 10₹ each issued and fully subscribed and called up at 20% premium.calculate amount of equity share capital​

Answer 1

No.of shares issued = 100000 / 10 = 10,000.

Add premium on shares called up = 100000 × 2 / 100 = 2000.

Add : no. Of shares + premium

= 10,000 + 2000 = 12,000 amt. Of equity shares.

W.N

• Premium calculation = 20 / 100 × 10 = 2 Rs.

Thanks.

Answer 2

Answer:

10,00,000

Explanation:

Equity Share capital=No.of equity shares×face value of each share

=1,00,000×₹10

=₹10,00,000

note: Equity Share capital has no concern with premium or discount amount.