Question

A Itd company took over assets worth 710,00,000 and liabilities of 3,00,000 for a purchase consideration of 12,00,000, 2,00,000 bill payable accepted and remaining was paid by issuing shares at a premium of 25% on face value 100. How much amoum will be credited to securities premium account? (a) 8,00,000 (b) 2,00,000 (c) 10,00,000 (d) 12,00,000​

Answer 1

200000

Explanation:

balance of this yi