Question

D Ltd issued 2,00,000 shares of ₹100 each at a premium of ₹20 per share payable ₹ 20 on application, ₹50 on allotment (including premium), ₹30 on first call
State the amount to be transferred to security premium Account

Answer 1

Answer:

20*200000=4000000

Explanation:

Because ₹20 for premium and it goes in security premium accounts