Question

# A Ltd. company took over assets worth 10,00,000 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 amount will be credited to Securities Premium Alc? (a) * 8,00,000 (b) 2,00,000 (c) 10,00,000 (d) * 12,00,000
plss explain step by step ​

Answer 1

Answer:

option (a) 8,00,000

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