A company took over assets worth ` 10,00,000 and liabilities of ` 3,00,000 for purchase
consideration of ` 12,00,000. A bill payable of ` 2,00,000 is accepted and remaining balance was
paid by issuing shares at a premium of 25% on face value ` 100. How much amount will be
credited to securities premium reserve a/c?
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