Question

Hey, I couldn't find the answer to this question "7. Purchased 1500 equity shares of Rs.100 each at Rs.200000 in a company? ​

Answer 1

Answer:

This question implies that you have bought shares at a premium.

Cost of buying 1500 shares= 1500*100=150,000

But it is mentioned that you payed 200,000. this implies that the extra 50,000 is a premium.

Hope this helps :)